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Economy Theophilos (Theo) Argitis Economy Theophilos (Theo) Argitis

Bank of Canada shows signs rate cut could be coming soon

At a policy decision on Wednesday, the Bank of Canada kept its policy rate unchanged at the current prohibitively high levels (with the overnight rate at five per cent) but indicated it will cut as early as June, should inflation data continue to show signs of easing between now and then.

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