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Bank of Canada keeps rates on hold, rules out a calendar for cuts

By Inquirer - 9 months ago
OTTAWA  — The Bank of Canada (BoC) kept its key overnight rate steady at 5 percent on Wednesday as expected but dashed the hopes of borrowers seeking relief, saying underlying inflation meant it was too early to consider a cut. Governor Tiff Macklem, saying he realized monetary policy worked slowly and caused unavoidable pain, declined

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