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Bank of Canada outlook gives Liberals political cover for larger deficits Add to ...

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Bank of Canada Governor Stephen Poloz held open the door for the Liberal government to bring in a bigger stimulus package in its budget, and a bigger deficit.That wasn’t the central banker’s goal, of course. The bank decided not to cut interest rates (again) on Wednesday because of the risk that it would send the low Canadian dollar sliding further, and spark another set of ills with inflation.

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