Also: The latest on the bombing attacks in Sri Lanka
Story continues below advertisementof hiking interest rates and says the economy will grow much more slowly than expected this year .
As expected, the central bank left its key interest rate unchanged at 1.75 per cent, saying the economy still needs low-rate fuel to counter a global slump and weak business activity at home. BoC Governor Stephen Poloz and his central bank colleagues now say Canada’s economy will grow just 1.2 per cent this year, down from an estimate of 1.7 per cent just three months ago, before recovering next year.Flooding updates for Quebec, New Brunswick and Ontariohave reduced the Trans-Canada Highway
to a single lane east of Fredericton, and officials say the portion between Oromocto and Riverglade will be closed to traffic altogether as of 7 p.m. As the Saint John River continues to rise in the south, officials are warning residents of flood-prone areas to get out while they can.after a number of local roads were washed out by the rising waters. Officials are advising people in a flood-prone neighbourhood to relocate.
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