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Reuters

Reuters

Business

Business & Economics

Bank of Canada holds benchmark rate steady at 2.75%

Reuters
Summary
Nutrition label

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.

VR Score

92

Informative language

98

Neutral language

68

Article tone

semi-formal

Language

English

Language complexity

59

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

Affiliate links

no affiliate links

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