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- Futures for Canada's main stock index fell on Monday as lower prices of most commodities are expected to weigh on the index, while investors braced for the Bank of Canada's monetary policy meeting, due later in the week.The materials sector is expected to fall as copper prices tumbled to 11-month lows on China's property crisis, receding hopes of stronger stimulus in the top consumer of industrial metals.
All eyes will be on the Bank of Canada's interest rate decision, due Wednesday. The central bank is expected to hold rates at a 22-year high of 5.00%, according to a majority of economists polled by Reuters. Weighing on futures, the U.S. 10-year Treasury yield breached 5% and to its highest since 2007, the level it attempted to scale last week.
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BoC expected to hold key interest rate steady at 5% amid 'sluggish' economyOTTAWA — The Bank of Canada is widely expected to hold its key interest rate steady on Wednesday as the Canadian economy bends to higher interest rates and inflation resumes its downward trend.
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BoC expected to hold key interest rate steady at 5% amid 'sluggish' economyOTTAWA — The Bank of Canada is widely expected to hold its key interest rate steady on Wednesday as the Canadian economy bends to higher interest rates and...
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BoC expected to hold key interest rate steady at 5% amid 'sluggish' economyThe Bank of Canada is widely expected to hold its key interest rate steady on Wednesday as the Canadian economy bends to higher interest rates and inflation resumes its downward trend.
Read more »
BoC expected to hold key interest rate steady at 5% amid ‘sluggish’ economyThe central bank held its key interest rate steady at five per cent last month but kept the door open to more rate hikes, citing concerns about the persistence of underlying price pressures
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BoC expected to hold key interest rate steady at 5% amid 'sluggish' economyOTTAWA — The Bank of Canada is widely expected to hold its key interest rate steady on Wednesday as the Canadian economy bends to higher interest rates and inflation resumes its downward trend.
Read more »
BoC expected to hold key interest rate steady at 5% amid 'sluggish' economyOTTAWA — The Bank of Canada is widely expected to hold its key interest rate steady on Wednesday as the Canadian economy bends to higher interest rates and inflation resumes its downward trend.
Read more »