BoC Holds: The Bank of Canada held interest rates steady at 0.5% last night. After cutting rates twice in 2015 and huge uncertainties around commodity prices and sagging economic growth off the back of them, this decision polarised both economist opinion and markets themselves. “All things considered, therefore, the risks to the profile for inflation are roughly balanced. Meanwhile, financial vulnerabilities continue to edge higher, as expected. The Bank’s Governing Council judges that the
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