Bank of Canada, likely to put monetary policy on hold

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The Bank of Canada meets later this evening to decide on its monthly monetary policy. While previously the markets were expecting to see a back to back rate cut, last week BoC Governor Stephen Poloz gave a speech where he noted that the BoC's interest rate cut last month was a precautionary move, terming it as an "insurance" against further deteriorating economic conditions. The Governor felt reas...

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