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FILE PHOTO: The Bank of Canada building is pictured in Ottawa June 1, 2010. REUTERS/Chris Wattie/File Photo
News, Reuters

Bank of Canada holds rates, says tariffs could cause deep recession

By David Brunnstrom, Promit Mukherjee, Reuters April 16, 2025
The Bank of Canada on Wednesday held its key policy rate at 2.75 per cent, its first pause after seven consecutive cuts, and said that the uncertainty around U.S. tariffs made it impossible to issue regular economic forecasts.

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