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Bank of Canada to Tighten Later than Imagined Earlier

Forex News

This post by larrygreenberg has been reprinted from Currency Thoughts.

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Canada’s overnight interest rate target, which has been at 1.0% since a 25-basis point hike in early September 2010, was left at that level and accompanied by a statement that declared “any such modest withdrawal of monetary policy stimulus is less imminent than previously anticipated.”  The more dovish picture reflects downward revisions to GDP growth [...]

larrygreenberg @ January 23, 2013

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