Poloz Hands Baton to Trudeau on Promise of Deficit SpendingBy
Bank of Canada stands pat on rates despite crude-price plunge
Governor offers rare glimpse of central-bank deliberations
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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