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Business

Canada central bank maintains key lending rate at 0.75%

Published: 27 May 2015 - 05:46 pm | Last Updated: 13 Jan 2022 - 03:25 pm


Ottawa--Canada's central bank maintained its key lending rate at 0.75 percent Wednesday as a recovery in the United States -- Canada's neighbor and largest trading partner -- remained sluggish.

Lower oil and gas prices also continued to keep inflation low, but domestic consumption has held strong, the Bank of Canada said.

AFP