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CANADA BOC: Leaves benchmark interest rate target 1.75%, as
expected, and says "current degree of monetary policy stimulus remains
-Statement adds more warnings on global trade, and drops reference to
policy makers closely tracking energy industry.
-2Q GDP and July CPI were stronger than expected, though some of that
growth was temporary and growth will slow in 2h, BOC said
-"In sum, Canadas economy is operating close to potential and inflation
is on target. However, escalating trade conflicts and related
uncertainty are taking a toll on the global and Canadian economies. In
this context, the current degree of monetary policy stimulus remains
appropriate. As the Bank works to update its projection in light of
incoming data, Governing Council will pay particular attention to global
developments and their impact on the outlook for Canadian growth and