cananda

Bank of Canada keeps low rate unchanged, admits growth slower than expected

OTTAWA — The Canadian economy is still trying to catch up to its potential, with low commodity prices and weak global demand keeping growth subdued and providing few incentives for the Bank of Canada to adjust interest rates. Governor Stephen Poloz, along with other members of the policy counsel, acknowledged as much on Wednesday by keeping the bank’s trendsetting-lending rate at 0.5 per cent —...

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