Bank of Canada Leaves Key Interest Rate Unchanged

March 4, 2015 4:37 PM

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OTTAWA—Canada’s central bank left its key interest rate unchanged at 0.75% Wednesday, calling the monetary stimulus currently in place “still appropriate” and sounding a less-dovish-than-expected note on future rate moves.

Financial conditions have eased materially since the Bank of Canada cut its key rate by 25 basis points six weeks ago, the central bank’s statement said, citing lower bond rates and a weaker Canadian dollar. That move-—which shocked markets—will offset the hit from lower prices for oil and boost gro...

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