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Bank of Canada leaves key lending rate at 1.00%

Highlights of the Bank of Canada interest rate decision: * Repeats exact language on current stimulus being appropriate * Key line remains: ‘Over time, as the normalization of these conditions unfolds, a gradual normalization of policy interest rates can also be expected’* Housing sector slightly strongter thanexpected* Looking through the data, GDP is largely consistent with forecast* Output gap to begin to narrow in 2014* Global economy continues to expand broadly as expected but its dynamic …
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Haynes6EU avatar

When CAD down to 1.06?

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Australian Dollar - might not be a bad idea after all

Is Now the Time to Invest in the Australian Dollar? Following the financial crisis, the Australian dollar outperformed the major currencies. This situation occurred mainly because of demand from Australia’s largest trading partner China, Australia’s then booming mining industry, and relatively stable interest rates. However, this year, the Australian dollar recently hit a three year low after dropping a dramatic 15 percent since the start of this year. Australian Interest Rates Decrease In…
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Nadin5794 avatar

there is quite justified fear of further lowering of quotations, by analogy to hysteria round gold in the spring, investors rushed to buy and quotations dived down even more deeply...

annatimone avatar

Ok. Sounds intereting. I'll look into it. Thanks for sharing.

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What do you think about Brazil?

Happy Monday!.. I thought I would start Monday with a puzzling question. Any thoughts about Brazil? Brazil raised key interest rate a half-point to 8.5 pct. Do you think it’s good or bad for Brazil? I think it will slow down Brazilian economy, because raising interest rates will slow down exports. The higher costs of living for some or, more precisely, higher cost survival for most is unavoidable. Especially, small businesses will feel the impact and suffer tremendously. Politica…
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