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Global Markets: Bank of Canada leaves interest rate at 1%

By Commodity News Service Canada
Oct. 25 (CNS Canada) – The following is a glance at the news moving markets in Canada and globally.

– The Bank of Canada has decided not to adjust the country’s key lending rate. Today the BoC announced it was leaving the interest rate at 1%. The central bank raised the rate in July and September of this year.

– Bombardier has delivered 141 new train carriages to Singapore. The new cars will double the ridership of the city’s new downtown line. The delivery is the final stage of a 276-car order.

– TransCanada Corp. has reached a deal to sell its Ontario solar portfolio. The portfolio is essentially made up of eight different facilities with a generating capacity of 76 megawatts. The company will receive C$540 million from Axium Infinity Solar LP and the deal is expected to be finalized by the end of 2017.

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