News Summary: Canada interest rate unchanged

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HOLDING STEADY: Canada’s central bank left its key interest rate unchanged at 1 percent but warned rates might start rising soon.

HIKES AHEAD? The Bank of Canada sent a strong signal of looming rate hikes in mid-April, a sharp contrast to the U.S. Federal Reserve which has said it plans to keep short-term interest rates at record lows until at least late 2014.

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