Bank of Canada holds interest rates steady

By Andrea Hopkins and Leah Schnurr

OTTAWA (Reuters) – The Bank of Canada warned on Wednesday that the economy could be weaker than it anticipated just two months ago as exports disappointed, but the central bank held rates steady as it stuck to a forecast that growth will bounce back in the second half.

In a statement that was bleaker than the market had expected, the bank also said the U.S. outlook for business investment has become less certain, despite a healthy labor market and solid consumption.

“Exports disappointed even after accounting for weaker business and residential investment in …
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