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BoC Leaves Rates Unchanged, Lowers Growth Forecast For 2010

Posted 01-19-2010 at 11:21 AM by DailyFX

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.

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...
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