Carney insists Bank of Canada will tighten policy despite holding rates again

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Bank of Canada governor Mark Carney yesterday reasserted the central bank's intention to tighten monetary policy, despite the governing council holding rates steady for the 28th month in succession.

Carney said the "modest withdrawal of monetary policy stimulus" remains the Bank of Canada's most likely ultimate direction, but added that lowered growth expectations meant the expected timing of that withdrawal has shifted.

A "more muted" inflation outlook and the beginnings of an improvement in ho

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