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Bank of Canada holds key lending rate, says second-quarter economic growth likely temporary
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Bank of Canada holds key lending rate, says second-quarter economic growth likely temporary 

Bank of Canada Governor Stephen Poloz avoided media Wednesday after holding the overnight interest rate firm at 1.75 percent, where the prime lending rate for the big banks has been since October of last year.

With a federal election just 46 days or fewer away, Poloz kept a low profile and did not hold a briefing that typically accompany these announcements; this BoC’s sixth for 2019. The central bank’s next opportunity is scheduled for October 30th, after the vote.

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