19-10-2016 19:12 via news.yahoo.com

Bank of Canada considered more stimulus as it cut growth outlook

By Andrea Hopkins and Leah Schnurr OTTAWA (Reuters) - The Bank of Canada cut its growth forecast on Wednesday and said it actively discussed adding more monetary stimulus to speed up the nation's economic recovery, reinforcing the bank's recent dovish tone even as it held rates steady. Citing a looming slowdown in Canada's long housing boom and a weaker outlook for exports, Bank of Canada Governor Stephen Poloz said the central bank had considered easing monetary policy but was held back by glob
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