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Brian DePratto

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Economic growth blows past expectations in May, powered by energy industry

July 28, 2017 Craig Wong - THE CANADIAN PRESS

OTTAWA – Economic growth in the country blew past expectations in May, powered by the energy sector, raising expectations that the Bank of Canada will raise interest rates again this fall. Statistics Canada said Friday that real gross domestic product…

News Earnings / RatingsInsurance

Central bank says no rate cut considered amid stronger growth, but notes risks

April 13, 2017 Andy Blatchford - THE CANADIAN PRESS

OTTAWA – The head of the Bank of Canada said an interest rate cut was not on the table during the central bank’s latest policy decision, but also warned of persistent risks that suggest it will not hike any time…

News Earnings / RatingsInsurance

Bank of Canada raises concerns about economy, holds interest rate at 0.5%

September 7, 2016 Craig Wong - THE CANADIAN PRESS

OTTAWA – The Bank of Canada struck a note of caution Wednesday as it held its key interest rate target steady at 0.5 per cent and raised concerns after the export sector disappointed earlier this year. “While the strength in…