Interest Rates And Economy

According to an article in the Financial post- even though there was a  decline in exports and business investment, the Canadian Economy still had a growth of pace of 2.4% for the last Quarter of 2014. This beat economists predictions of growth of 2% but still short of the Bank of Canada's target of 2.5%. The news release had a positive effect on the Canadian Dollar with it jumping half a cent against the US Dollar. The next interest rate decision is due for 4th March with many analysts expecting no further change so to give January's reduction time to work through the economy. For the full article please visit www.financialpost.com

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