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The Bank of Canada is expected to hold rates steady at a policy announcement Wednesday as the future of NAFTA remains uncertain.
Canada's economic growth accelerated in the second quarter at the fastest pace in a year, driven by a sharp increase in exports and consumer spending.
Canada's central bank raised its key rate by 25 basis points to 1.5% on Wednesday, marking the fourth hike since last summer.
The Bank of Canada is expected to hold rates steady at a policy announcement Wednesday morning as NAFTA negotiations look poised to drag into next year and amid concerns about a slowing housing market.
The Bank of Canada was expected to leave its key interest rate unchanged amid uncertainty surrounding the housing market and NAFTA.
The Bank of Canada holds rates at 1.00%, as expected.
The Bank of Canada is out with its latest monetary policy decision at 10 a.m. ET.
By raising borrowing costs, a central bank can usually slow down risky consumer credit and spending.