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Cooking Culinary Adventure: inspired by Halifax's Seaport Market | SaltWire #cooking #cookingshortsOTTAWA - The Bank of Canada will leave interest rates on hold on Wednesday as the economy stalls, analysts said, though many see the central bank warning that future hikes are still possible with inflation hovering well above its 2% target.
"All the signs across the Canadian economy right now are pointing to a prolonged slowdown," said Karl Schamotta, chief market strategist at Cambridge Global Payments. Weak growth and a modest easing of inflation"should keep the Bank of Canada on hold," he said. The policy announcement is due at 10 a.m. ET on Wednesday, when the BoC will also publish its updated forecasts for growth and inflation.
In July, it said inflation would stay above target until mid-2025 and growth would stall. Earlier this month, BoC Governor Tiff Macklem said the economy was not heading for a"serious recession".
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