TORONTO (AP) - Canada's central bank is holding its key interest rate at a record low 0.25 percent and warned that the Canadian dollar's rise threatens to derail the country's recovery. The Bank of Canada said an economic recovery is under way but said this year's surge in the Canadian dollar is expected to more than fully offset recent favorable developments. The central bank reiterated its intention to hold the rate at its historic low until the middle of next year. The Bank of Canada said ...
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at Tue, 20 Oct 2009 09:51:27 -0700