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#BankofCanada maintains overnight rate Here is a summary of the press release: - Inflation has picked up in recent months, as anticipated in the Bank’s July Monetary Policy Report (MPR), reflecting stronger economic activity and higher gasoline prices. - The global and Canadian economies are progressing as outlined in the July MPR. Economic activity continues to strengthen and broaden across countries. - Canada’s economic growth in the second quarter was stronger than expected, and was more broad-based across regions and sectors. - The Bank estimates that the economy is operating close to its potential. - Based on this outlook and the risks and uncertainties identified in today’s MPR, Governing Council judges that the current stance of monetary policy is appropriate. To read the full press release click this link http://www.bankofcanada.ca/2017/10/fad-press-release-2017-10-25/

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