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USD/CAD to Attempt Breaking Parity?
Tide is slowly changing in the Canadian economy. Once a stellar economic growth has been slowing down at an accelerated pace. The economy has been slowly receding into weaker growth as high level of currency, weaker growth in the United States, global manufacturing slowdown, and drop in commodity prices waned on the economy. AS it turns out, the growth is expected to be weak for some time. The Bank of Canada took prompt actions to keep whatever confidence and growth that is left by stating that the interest rate hikes are quite unlikely this year. A lack of interest rate hikes could spur a deviation away from the ... (full story)