Poloz Hands Baton to Trudeau on Promise of Deficit Spending

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  • Bank of Canada stands pat on rates despite crude-price plunge
  • Governor offers rare glimpse of central-bank deliberations

QuickTake: Canada's Next Step

When Bank of Canada policy makers began their deliberations last week ahead of Wednesday’s interest-rate announcement, they were leaning toward a cut as oil prices plunged. Instead they held off and shifted the burden of stimulus to Prime Minister Justin Trudeau.

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