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- Aug 29, 2007
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- 597
Toronto Star:Bank of Canada may cut rates, says Scotiabank (Sep 28, 2007)
http://www.thestar.com/Business/article/261529
QUOTE Slower growth, lower interest rates and a strong Canadian dollar will be the key economic trends into 2008, according to the latest forecast from Scotia Economics.
Its latest Global Outlook report says a U.S. Federal Reserve decision to cut interest rates has put U.S. monetary policy out of sync with the more cautious stance in Canada, Europe and Japan.
...
However, with the loonie trading close to parity against the U.S. dollar and exports dampened by weakening trends in the United States, the central bank may opt to cut rates by half a percentage point around year end.
Scotia Economics report
Global Outlook (Fall 2007)
http://www.scotiacapital.com/English/bns_econ/bnsglobe.pdf
http://www.thestar.com/Business/article/261529
QUOTE Slower growth, lower interest rates and a strong Canadian dollar will be the key economic trends into 2008, according to the latest forecast from Scotia Economics.
Its latest Global Outlook report says a U.S. Federal Reserve decision to cut interest rates has put U.S. monetary policy out of sync with the more cautious stance in Canada, Europe and Japan.
...
However, with the loonie trading close to parity against the U.S. dollar and exports dampened by weakening trends in the United States, the central bank may opt to cut rates by half a percentage point around year end.
Scotia Economics report
Global Outlook (Fall 2007)
http://www.scotiacapital.com/English/bns_econ/bnsglobe.pdf