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BANK OF CANADA SAYS MONETARY CONDITIONS DON'T WARRANT RATE CHANGE


​​The Bank of Canada picked to keep its benchmark financing cost at 0.5 for every penny on Wednesday, the same level it's been at for over a year. Referring to the economy's powerless first half — punctuated by the Fort McMurray rapidly spreading fire thumping 1.6 rate focuses off GDP — it clarifies that it supposes more grounded development lies ahead. "While Canada's economy shrank in the second quarter, the bank still activities a significant bounce back in the second 50% of this current year," the bank said.

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