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BULLET: CANADA BOC: BOC keeps o/n rate target unch at 1.50%,.>

CANADA BOC: BOC keeps o/n rate target unch at 1.50%, as expected. 
Keeps 'gradual' approach. Data dependent. Data'reinforce'assessmnt that 
highr rates will be warranted. Monitoring NAFTA talks 'closely' and 
impact on infl outlook. Trade pol uncertainty continues to weigh on biz. 
July 3% CPI above expected largely due to airfare jump. Infl to move 
back to 2% in early 2019. Core infl 'firmly around 2%' as econ near 
capacity 'for some time'. Continues to gauge econ reaction to higher 
int rates. Hsg mkt beginning to stabilize. Recent data on global econ 
consistent w/Jul mpr projectns. 'Elevated trade tensions remain a key 
risk' to glob outlk. Fin stresses intensified in certain EM but ltd 
spillover. US econ 'particularly robust'. Cdn econ evolving 'closely in 
line' with projections. Wage growth remains 'moderate';credit growth has 
moderated. Rotation of~dmd towards biz investment, exports proceeding. 
Trade tensions pulling some commodity prices lower. 

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