Bank of Canada won't tip its hand

CANADA - A deputy governor of the Bank of Canada answered its critics on Monday, telling a blue-chip crowd that it's not the central bank's job to fine-tune the markets' expectations about future interest rate moves.

Financial markets were surprised on Sept. 4 when the central bank left interest rates unchanged rather than raise them, and also in October of 2001 when it cut the overnight rate by a hefty 75 basis points, a move not anticipated by the market, The Globe and Mail reported.

"We do not

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