Amidst the backdrop of recessions in Europe and Japan and anemic economic growth in the U.S. the stock market has shown great strength in 2013. (traderplanet.com)
Among other reasons, the BoC can't increase interest rates without putting the nation's anemic economic growth at risk and potentially scaring off foreign investment. (moneysense.ca)
In the announcement, the BoC stressed that their decision was based on the possibility of an economic slowdown (or, at least, continued anemic economic growth). (moneysense.ca)