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Bank of Canada holds interest rate, warns economy's resilience to be 'tested'
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Placeline/People
City Vaughan
Country Canada

Newsroom Ready: Bank of Canada holds interest rate, warns economy's resilience to be 'tested'

The Bank of Canada is keeping its key interest rate on hold in a decision that positions the country as an exception among advanced economies already responding to the weakening world economy. Governor Stephen Poloz's team is warning that the resilience of Canada's economy will be increasingly tested by persistent global trade conflicts and uncertainty. The central bank's decision to hold the rate at 1.75 per cent today was widely expected by financial markets. The benchmark has now been at the same level for just over a year. 
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Information
Source name: 
The Canadian Press
Unique identifier: CP14645718 
Legacy Identifier: r_BoC-Interest-Rate20191030T1400 
Type: Video 
Duration: 1m31s 
Dimensions: 1920px × 1080px     112.42 MB 
Create Date: 10/30/2019 2:00:00 PM 
Display aspect ratio: 16:9 
Tags
Bank of Canada
Canada
economy
finance
financial
goverment
interest rates
Stephen Poloz