Bank of Canada keeps interest rates unchanged

The Bank of Canada announced Tuesday 25 January that it is maintaining its target for the overnight rate at 2 1/2 per cent. The bank said the Canadian economy continues to adjust to major global developments.

Recent data suggest that Canada's economic growth in the fourth quarter of 2004 was marginally weaker than previously expected, owing partly to a somewhat more pronounced adjustment to the past appreciation of the Canadian dollar. Since the December fixed announcement date, the Canadian d

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