Bank of Canada Keeps Rates on Hold, Rules Out a Calendar for Cuts

OTTAWA, March 6 (Reuters) - The Bank of Canada (BoC) held its key overnight rate unchanged at 5% on Wednesday as anticipated, but dashed hopes for borrowers seeking respite, citing persistent underlying inflation as a barrier to considering a reduction. Governor Tiff Macklem emphasized the inability to schedule rate cuts, highlighting elevated core inflation metrics. Overall inflation remains at 2.9%,...

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