The Wednesday news briefing: An at-a-glance survey of some top stories
Highlights from the news file for Wednesday, Sept. 7
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BANK OF CANADA RAISES ECONOMY CONCERNS: The Bank of Canada struck a note of caution Wednesday as it held its key interest rate target steady at 0.5 per cent. And the central bank raised concerns about the state of the economy after the export sector disappointed earlier this year. The bank says inflation is roughly in line with its expectations, with total inflation below the two per cent target and measures of core inflation around two per cent. Bank of Montreal chief economist Doug Porter says the Bank of Canada has “zero appetite for rate hikes.”
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