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Canada holds key rate steady, says will act if war inflation persists

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Governor of the Bank of Canada Tiff Macklem

Governor of the Bank of Canada Tiff Macklem

Canada's central bank held its key lending rate at 2.25 percent on Wednesday, but warned it may need to act if inflation caused by the Middle East war persists.

The fallout from the US‑Israeli strikes on Iran has sent energy prices soaring. The impacts in Canada, a net oil exporter, have been more muted than in other regions, but prices at the pump are shooting up.

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Originally published on doc.afp.com, part of the BLOX Digital Content Exchange.

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