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Why the Bank of Canada could keep rates lower for longer

Mar 04, 2019 - The Globe and Mail (Canada)

Even before Friday's surprisingly weak fourth-quarter gross domestic product report, the Bank of Canada was widely expected to hold interest rates steady at its meeting this week.

Now, as signs of a slowdown mount, the central bank could decide to stay on the sidelines for the rest of the year or even longer, according to economists who will be watching Wednesday's statement for clues about the central bank's intentions.

"You have a backdrop where they were already concerned about un...