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