Governor says rate cut "was appropriate"

Globe and Mail

BoC Governor Stephen Poloz is signalling that a rate cut may not be in the offing next week as the central bank weighs the state of the fragile Canadian economy.  Mr. Poloz said on Tuesday that the central bank remains comfortable that its one-quarter percentage-point cut in January was a fitting manoeuvre to buy time for the bank to assess the effects on the country's economy of a dramatic plunge in the price of oil.

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