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Opinion: Where's the hike? Why didn't the Bank of Canada
The Bank of Canada building in Ottawa Photo by David Kawai/Bloomberg Article content In a surprise move the Bank of Canada kept its overnight rate target steady at 25 basis points Wednesday.
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It’ll be one of the worst quarters in modern Canadian banking history but it marks an improvement from the 50 per cent profit drop in the second quarter when the virus first gripped the North American economy Earnings results for the three months ended July 31 will likely provide some calm after the “stormy” second quarter Bank of Nova Scotia analyst Meny.
