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BoC sees ‘material’ hit from Trump policies; holds rates steady
The Bank of Canada says Canada’s economy will take a “material” hit from a more protectionist United States under Donald Trump, but the central bank isn’t ready to quantify the potential damage. The central bank and governor Stephen Poloz are in wait-and-see mode, opting Wednesday to leave the bank’s key interest rate unchanged at 0.5 per cent in the face unusual uncertainty emanating from the U.S. The bank “will continue to assess the impact of ongoing developments, mindful of the significant uncertainties weighing on the outlook,” according to a statement, issued two days before Mr. Trump is slated to ... (full story)