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Immediate worry of COVID-19 spurred Bank of Canada rate cut, Poloz says

TORONTO — Canada’s top central banker says concerns about the immediate impact of the novel coronavirus spurred the Bank of Canada to cut its trend-setting interest rate this week. Governor Stephen Poloz says in a luncheon speech that worries about the downside risks to the economy outweighed continuing concerns that

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Bank of Canada says Poloz will not seek a second term as governor

The Canadian Press Published Friday, December 6, 2019 10:11AM EST Last Updated Friday, December 6, 2019 10:41AM EST OTTAWA – The Bank of Canada says governor Stephen Poloz will not seek a second term as governor when his seven-year term expires next year. Before becoming head of Canada’s central bank

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