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Bank of Canada Maintains Interest Rate as Low Oil Prices Offset Healing Economy

Posted December 03, 2014

Under Economic Issues, International Trade Issues

(Andy Blatchford – Canadian Press)

Bank of Canada governor Stephen Poloz is keeping the trend-setting interest rate at one per cent, even as Canada’s recent economic performance has the look of a “broadening recovery.”

In its interest-rate announcement Wednesday, the central bank cautioned that improvements to Canada’s economic health have been offset by risks such as sliding oil prices and high household debt. Read more here.