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Bank of Canada Holds Rates Steady as Economy Shifts Into Weaker Period
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wsj.comOTTAWA—The Bank of Canada held its main interest rate steady at 5% after back-to-back rate rises in June and July, saying the economy has shifted into a weaker phase and labor-market pressures have eased.
Nevertheless, the central bank Wednesday said it remained concerned “about the persistence of underlying inflationary pressures,” and is prepared to raise rates again should conditions not improve. Along with the U.S.
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