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Canada CB Keeps Rate on Hold

Canada CB Keeps Rate on HoldCanada CB Keeps Rate on Hold

Canada’s central bank maintained its key lending rate at 0.5%, taking a cautious stance amid uncertainty over trade with the United States, AFP reported. Indicators such as business investment, consumer spending and jobs figures are improving and “becoming more broadly based across regions,” but exports continue to lag, the Bank of Canada said in a statement. Most of Canada’s exports go to its southern neighbor, the United States. In three months, the two nations along with Mexico will start talks to renegotiate the North American Free Trade Agreement.

 

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