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Even last year, when most of the world central banks were cutting interest rates, the Bank of Canada stayed the course because the CPI was increasing at an annual pace of about two per cent, exactly where policymakers wanted it.The smooth ride is over. Poloz and his deputies survived the trade wars, but at least they had a target. Macklem central bank will be aiming into the fog.Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles.

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