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Poloz's Rate Pause on Modest Canada Growth May Last Into 2017

From bloomberg.com

Bank of Canada Governor Stephen Poloz will probably keep his key lending rate on hold Wednesday, as rising non-energy exports offset lingering damage from an oil shock to keep the economy on a path for modest growth over the next year. Poloz will leave the key rate at 0.5 percent in a decision due at 10 a.m. in Ottawa, say all 33 economists in a Bloomberg survey, and some including Brian DePratto at Toronto-Dominion Bank predict he’ll be on hold into 2017. A government report Tuesday showed third-quarter shipments of automobiles and parts rose 5 percent and of consumer goods climbed 8.7 percent as the effects of a ... (full story)

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