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Bank of Canada Governor Stephen Poloz speaks with media during a news conference on June 12, 2014 in Ottawa.
Bank of Canada Governor Stephen Poloz speaks with media during a news conference on June 12, 2014 in Ottawa.
(ADRIAN WYLD/THE CANADIAN PRESS)

Bank of Canada keeps low interest rate possibilities alive

The Bank of Canada says it’s just going with the flow: If economic data in the months ahead get stronger than currently expected, it will ready for higher interest rates; if economic conditions unexpectedly worsen, the central bank says it is prepared to cut its benchmark interest rate from its already ultra-low setting of 1 per cent. For now, the central bank is totally neutral.