The Bank of Canada held its key overnight interest rate at five per cent for the fourth consecutive time, as inflation remains higher than desired and economic growth has not slowed enough to warrant a cut. “The Council is still concerned about risks to the outlook for inflation, particularly the persistence in underlying inflation,” the central bank said. …The central bank did, however, signal a shift in discussions. “With overall demand in the economy no longer running ahead of supply, governing council’s discussion of monetary policy is shifting from whether our policy rate is restrictive enough to restore price stability to how long to stay at the current level,” Bank of Canada governor Tiff Macklem said.