Bank of Canada leaves key rate unchanged

The Bank of Canada held interest rates steady on Wednesday at 2.75 percent. Some economists said the rate should fall to cool the rise in the Canadian dollar.

Source: Canadian Press

Unfazed by a sizzling Canadian dollar, the Bank of Canada left its key overnight interest rate unchanged at 2.75 per cent today.

Many economists had expected the central bank to stand pat, although some said the rate should fall to cool the fevered rise in the Canadian dollar, which has shot up to more than 75 cents

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