OTTAWA—The Bank of Canada is keeping its key interest rate target on hold at 0.25 percent. The central bank is citing the economic conditions and ongoing uncertainty from the pandemic as reasons for its decision. It also says that the earlier-than-anticipated arrival of vaccines has reduced economic uncertainty from “extreme levels.” Still, the bank says…

OTTAWA—The Bank of Canada says the national economy will go in reverse for the first quarter of 2021, hammering the hardest-hit workers again on the path to a recovery that rests on the rollout of vaccines. Workers in high-contact service industries will carry the burden of a new round of lockdowns, which the central bank…

OTTAWA—Canada’s central bank will update its economic forecast for the country Wednesday when it announces its interest-rate decision, offering a glimpse into its outlook for COVID-19 recovery. The Bank of Canada said in October the country had been spared from a worst-case economic scenario, but it still didn’t see a recovery taking hold until at…