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What would it take for the Bank of Canada to move interest rates?

The Bank of Canada held its benchmark rate steady for the fifth consecutive decision last week, and currently looks in no mood to step off the sidelines as economic uncertainty continues. Most forecasters expect more of the same from the central bank for the foreseeable future – but that doesn’t mean rates are frozen forever. So what would actually need to happen for Bank decisionmakers to consider either a cut or a hike? [...]