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BoC Leaves Rates Unchanged, Lowers Growth Forecast For 2010

posted by Avatar DailyFX 858 days ago in CAD, Fundamental, Daily

The Bank of Canada kept their benchmark at a record low 0.25%, and reconfirmed its commitment to remain on hold until June, 2010. The central bank has raises its outlook for global growth but still see it being driven by stimulus efforts and the prevailing concerns is that once it begins to dissipate downside risks will increase.
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