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Bank of Canada expected to remain cautious on interest rates
The Bank of Canada is already seriously disinclined toward raising interest rates over the next year. Now it has all the reasons in the world not to. As the central bank prepares to deliver its next rate decision and quarterly Monetary Policy Report on Wednesday, its staff writers have no doubt been working overtime just to keep the documents up to date with the break-neck flow of economic and market worries this month. But while it might have made writing the policy documents harder, the turmoil has probably made the bank’s communications job easier. Expect the bank to hold its policy rate steady at 1 per cent (an ... (full story)
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