Bank of Canada Pauses Rate Hikes
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Canada decisionReuters
•Business
Business & Economics
Bank of Canada holds benchmark rate steady at 2.75%

81% Informative
Bank of Canada on Wednesday held its benchmark interest rate at 2.75% , its first pause after seven consecutive cuts.
The Canadian dollar is likely to remain under pressure over the next year in terms of yields, analysts say.
The market was much more torn - as were economists - than is normal ahead of a decision.
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