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BoC Keeps Key Interest Rate On Hold, Waiting For Federal Budget

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Mar 10, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    The Bank of Canada kept its benchmark interest rate on hold as it awaits for Ottawa's forthcoming spending plans to stimulate the nation's economy before taking any further steps. The central bank maintained the target for the overnight rate steady at 0.5%, noting that the near-term economic outlook remains virtually[​IMG]

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