Business Canada gains 34,500 tasks, more than double projection; unemployment...

Canada gains 34,500 tasks, more than double projection; unemployment rate nears record low at 5.5%

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The Bank of Canada has in fact held its vital interest rate constant since October 2018 however stated last month a cut was possible if an existing recession in domestic advancement continued.

” I believe it’s strong enough to give the Bank of Canada a little bit more encouragement and maybe hold off (on cutting rates) in March,” he stated in a phone interview.

” Our company believe that slow advancement leaves the door available to the Bank of Canada reducing rate of interest.

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