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Poloz Headed for Longest Rate Pause Since WWII

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Stephen Poloz is poised to extend the Bank of Canada’s interest-rate pause to the longest since World War II, helping Canadian bond yields resist the pressure of prospective tightening by the U.S. Federal Reserve.

Poloz will keep his benchmark overnight rate at 1 percent Dec. 3 according to all 22 economists surveyed by Bloomberg News through Nov. 28, stretching the pause that began with Mark Carney in 2010. That would make it the longest since February 1944 to September 1950, exceeding the October 1950 to January 1955 hiatus.