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OTTAWA — The Bank of Canada left its key interest rate steady Wednesday as it looked to balance mounting evidence of a domestic economic pickup against the expanding risks of international trade conflicts.

The central bank kept its trend-setting rate at 1.75% — and governor Stephen Poloz appeared to be in no hurry to make a move, even as he pointed to economic improvements at home.

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The bank said in a statement that there’s “accumulating evidence” the economy has been re-emerging in the second quarter of this year following a period when economic growth nearly came to a halt.

“Overall, recent data have reinforced governing council’s view that the slowdown in late 2018 and early 2019 was temporary,” said the bank, which was widely expected to stick with a rate that’s been in place for seven months.

Several recent economic indicators have been unexpectedly robust.

The central bank said data has shown the oil sector is beginning to recover, the national housing market is stabilizing and job growth remains strong. The numbers, it added, also point to growth in consumer spending, exports and business investment.