I'm tired of making many samll GREEN pips, then one BIG red wash them all.
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BoC to hold interest rate steady amid neutral bias
The Bank of Canada (BoC) will likely highlight better-than-expected second quarter (Q2) economic growth as it keeps the overnight lending rate at 1%, while maintaining the neutral interest rate bias. The bank is expected to warn that despite economic improvements, there is still a lot to be done before sustainable growth can be achieved, especially when it comes to business investment. The central bank will make the interest rate announcement on Wednesday at 10:00am EDT. Neutral bias Canadian economists highlighted that the bank is likely to keep its dovish neutral bias during its interest rate announcement. "In terms ... (full story)