Bank of Canada leaves interest rates unchanged

The Bank of Canada announced Tuesday 7 December that it is maintaining its target for the overnight rate at 2 1/2 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 2 3/4 per cent.

Information received since the October Monetary Policy Report (MPR) suggests that economic activity in Canada has been broadly in line with the Bank's expectations, with core inflation remaining below the 2 per cent inflation target. Although oil prices have declined,

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