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Bank of Canada says it’s still ‘too early’ to cut interest rates

Canada’s central bank left its benchmark interest rate unchanged at five per cent on Wednesday, choosing to hold the line on interest rates for the fifth decision in a row. The move was widely expected by economists and the central bank and governor Tiff Macklem said it was “too early” to cut interest rates until there’s more progress in taming core inflation. Anne Gaviola has more on when people across Canada can expect possible rate cuts from the central bank.

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