CANADA DATA: BoC holds overnight rate at 1%, citing sharp
deterioration in global fin conditions. BOC says, “To the extent that
econ. expansion continues and the current excess supply in the econ is
gradually absorbed, some modest withdrawal of the present considerable
monetary policy stimulus may become appropriate, consistent with
achieving the 2% infl target over the med term. The timing and degree of
any such withdrawal will be weighed carefully against domestic and
global econ developments.” Also stated Cdn growth slightly slower than
expected, and less balanced on stronger than expected housing activity
and rising household debt.