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Canadian dollar falls to lowest since March after Bank of Canada eyes slowing economy

Canadian dollar falls to lowest since March after Bank of Canada eyes slowing economy
The Bank of Canada left rates unchanged as expected at 5.00% but appears to be slowly backing away from talk of further rate hikes. The statement accompanying the decision sees inflation returning to 2% in late 2025 with the economy growing just 0.9% in 2024."There is growing evidence that past interest rate increases are dampening economic activity and relieving price pressures," the BOC statement said. "A range of indicators suggest that supply and demand in the economy are now approaching b... Read More
Posted: Oct 25 2023, 14:18
Author Name: forexlive
Views: 042225

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