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BOC To Hold Rates Weds, May Set Table For Later Hikes
Astonishing jobs growth aside, the data the Bank of Canada monitors is mixed as guides to the future and provide no impulse to change the BOC's 1.0% policy interest rate on Wednesday, analysts said. The huge 79,500 growth in jobs in November, bespeaking a clearly tightening labor market - an average of 33,000 jobs created per month for the last 12 months - cannot be denied by the BOC as a positive force permeating the economy. Analysts expect the BOC to modify its reticence about that strength and its effect on household spending which, since the 2008-2009 recession, has propped up Canadian growth. However, "we don't ... (full story)