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Bank of Canada to announce interest rate decision today, expected to continue hold

The Bank of Canada is considering when to start cutting interest rates, with the governor stating that the discussion of monetary policy is shifting. The decision to maintain the key rate was expected, and the bank is open to further rate hikes if inflation rises. The central bank is concerned about high inflation, particularly in shelter costs, and forecasts suggest a weak economy before a rebound in the second half of the year.

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