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Bank of Canada Keeps Rate Steady as Inflation Worries Intensify

(The Wall Street Journal) --"We would be wary of pencilling in any policy tightening just yet," said Nick Rees, Head of Macro Research at Monex Canada, a foreign-exchange and payments firm. "Absent seeing clear evidence of broadening price pressures in the data, we think the governing-council bias will be to leave rates untouched," Rees said, referring to the senior group of central bank officials tasked with setting rate policy.