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The S&P/TSX Composite rose over 0.5% above 36,000 after the Bank of Canada held its key policy rate at 2.25%, citing a broadening recovery but higher upside inflation risks and more uncertain growth.
Bank of Canada interest rate decision holds at 2.25% versus 2.25% prior (unchanged).
The Bank of Canada left its main interest rate unchanged at 2.25%. The decision was widely expected, with a Wall Street Journal survey of economists pointing to a wait-and-see approach.
() -- The Bank of Canada left its policy rate unchanged on Wednesday, in line with expectations, maintaining a cautious approach as policymakers assessed a mixed economic outlook and easing inflation pressures. This was the sixth policy meeting in which Canada's central bank held its target for the overnight rate at 2.