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Adrian Wyld/The Canadian Press
The Bank of Canada held fast on its ultralow interest rate and pace of government-bond buying on Wednesday, while acknowledging that the economy weathered the second wave of the pandemic better than expected and is beginning to gather steam.
The central bank kept its policy interest rate at 0.25 per cent, and reiterated that it does not expect to start raising rates until 2023. It also said that it would continue buying $4-billion worth of government of Canada bonds each week, giving few hints as to when it might begin to “taper” its quantitative easing program.