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Bank of Canada says US tariffs could trigger deep recession

OTTAWA, April 16 (Reuters) – If U.S. tariffs trigger a global trade war, inflation in Canada would spike and the country would enter a deep recession, according to a Bank of Canada scenario released on Wednesday. Citing the high level of uncertainty, the central bank ...
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FULL TEXT- Bank of Canada holds key policy rate at 2.75%

OTTAWA, April 16 (Reuters) – The Bank of Canada released the following statement on Wednesday: “The Bank of Canada today maintained its target for the overnight rate at 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%. “The major shift in direction ...
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Bank of Canada holds rates, says tariffs could cause deep recession

By Promit Mukherjee and David Ljunggren OTTAWA, April 16 (Reuters) – The Bank of Canada on Wednesday held its key policy rate at 2.75%, its first pause after seven consecutive cuts, and said the uncertainty around U.S. tariffs made it impossible to issue regular economic ...
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FULL TEXT-Bank of Canada held rates as it seeks more information on tariffs, says Governor

OTTAWA, April 16 (Reuters) – The Bank of Canada released the following statement by Governor Tiff Macklem on Wednesday: “Good morning. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss today’s policy announcement and our April Monetary Policy Report (MPR). “Today, Governing ...
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