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Tuesday, July 12, 2005
Globe and Mail
For the first time this year, the Bank of Canada said interest rates will be raised in the â??near termâ? as the economy is operating close to production capacity. The statement came as the central bank left its overnight lending rate unchanged at 2.5 per cent on Tuesday, as expected.
The bank makes its next rate announcement on Sept. 7.
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Source: Globe and Mail
Added on July 13, 2005
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