Global economy too fragile for rate hike, says Central bank

thestar.com – Business
31 May, 2011 11:00 AM
by Les Whittington

Global economy too fragile for rate hike, says Central bank

Bank of Canada Governor Mark Carney is seen leaving his office in Ottawa in this July, 2010 photo.

The world economic outlook is too precarious to risk pushing up Canadian interest rates, the Bank of Canada said today as it held its trend-setting overnight rate at 1 per cent.

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