Canadian interest rates are almost certainly on hold until at least sometime next year.
The Bank of Canada published a revised outlook on Wednesday that shows the economy stalled over the last six months, extinguishing the sparks that had caused policy makers to start worrying about inflation.
Governor Stephen Poloz and his deputies left the benchmark rate unchanged at 1.75 per cent, as expected. They also erased from their policy discussion any suggestion that interest rates could rise in the foreseeable future, a pivot that suggests the pause that began in December is now a hiatus.
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