BOC warns of inflation risks, keeps rates on hold

The Bank of Canada pointed to inflation risks lurking in the economy, but left interest rates unchanged yesterday in the first of its regularly scheduled policy announcements.

In its statement, the central bank said recent information shows the economy is operating above its long-run growth potential. The bank rate - the minimum rate the central bank charges on short-term advances to financial institutions - remains at 6%.

In last month's monetary policy report the central bank outlined three

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