Bank of Canada deputy signals end is near on rate hikes, as central bank becomes ‘data dependent’

Bank of Canada deputy signals end is near on rate hikes, as central bank becomes ‘data dependent’

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The Bank of Canada could pause interest rate hikes as early as next month as it shifts to a more “data-dependent” approach to monetary policy, deputy governor Sharon Kozicki said on Thursday. “We are moving from how much to raise interest rates to whether to raise interest rates,” Ms. Kozicki said…

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