Bank of Canada reveals latest interest rate decision

The Bank of Canada walked back some of its enthusiasm about the nation’s outlook in a decision that kept interest rates unchanged, saying the economy may have more capacity than previously thought to grow without fueling inflation.

The Ottawa-based central bank kept its overnight benchmark rate at 1.75 percent, reiterating it expects to eventually remove all monetary stimulus from the economy, but its statement was more guarded than the last one in October.

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