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Canada-US Trade War Poses Dilemma for Central Bank Ahead of Interest Rate Decision
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The Bank of Canada is facing a familiar but crucial dilemma as the recent dramatic escalation of the trade war with the United States casts a heavy shadow over its upcoming interest rate decision. The country’s central bank has kept its key interest rate steady at 2.25% for nearly a year. While analysts had widely expected the bank to remain on hold until the end of the year, the latest aggressive tariff exchanges are upending economic data. Bef…
·Laval, Canada
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