Bank of Canada officials split over how long the recent economic rebound will last - BNN Bloomberg
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Article Excerpt
OTTAWA — Members of the Bank of Canada’s governing council were split over how sustainable a recent economic rebound could be, deliberations from the central bank’s rate decision earlier this month show.
The Bank of Canada held its benchmark interest rate steady at 2.25 per cent for a sixth straight time at its decision on July 15. Minutes tracking governing council’s discussions heading into that announcement were released Wednesday.
The deliberations show officials were growing more confident in the economy during the second quarter following a year of flat growth.
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