07-09-2016 16:48 via news.yahoo.com

Bank of Canada holds interest rates steady

By Andrea Hopkins and Leah Schnurr OTTAWA (Reuters) - The Bank of Canada held interest rates steady on Wednesday, citing weaker-than-expected global growth but forecasting the country's economy would bounce back this year. The central bank projected a "substantial rebound" in economic growth in the second half of the year, boosted by the Alberta wildfire recovery and federal stimulus spending. In recent months, Canada's monetary policymakers have overestimated economic growth and have trimmed pr
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