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Stock impact report

Bank of Canada set to stay on hold as war-driven inflation muddies outlook [Wealth Professional (Canada)]

Bank Nova Scotia Halifax Pfd 3 Ordinary Shares (BNS) 
Last bank nova scotia halifax pfd 3 ordinary shares earnings: 2/25 05:30 am Check Earnings Report
The Bank of Canada is widely expected to leave its benchmark interest rate unchanged this Wednesday, as policymakers confront a fresh wave of uncertainty stemming from the global energy shock tied to the Iran war. Economists across major Canadian institutions are aligned in forecasting another pause, which would mark a fourth consecutive hold as officials weigh conflicting signals on inflation and growth. Recent analysis from RBC suggests the central bank will keep rates steady while assessing how rising energy prices filter through to broader inflation. The bank indicated that headline inflation could temporarily move above the Bank's 1%–3% target range, driven largely by fuel costs rather than underlying demand. At the same time, policymakers are expected to tread carefully, recognizing that monetary policy has limited ability to counter supply-driven shocks such as oil price spikes. RBC emphasized that rate decisions must remain forward-looking, focusing on where inflation i Show less Read more
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