Bank of Canada holds interest rates steady

The Bank of Canada held its benchmark overnight lending rate steady at 4.25 per cent Tuesday 6 March saying the risks to its forecast remain balanced, despite the wild swings in global financial markets recently.

The bank said the sell-off that has shaken world financial markets in the last week has not changed its underlying view that the Canadian and global economies are "evolving broadly in line with the bank's expectations" as they were laid out in January, when it last updated its monetar

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