This translation has been automatically generated and has not been verified for accuracy.The Canadian dollar weakened to a one-month low against its U.S. counterpart on Thursday as a speech by Bank of Canada Governor Stephen Poloz loomed and investors grew more nervous about a global economic slowdown.
Canada is a major exporter of commodities, including oil, so its economy could be hurt by a slowdown in global growth.Last month, the Bank of Canada cut its global growth forecasts as it left its benchmark interest rate on hold at 1.75%.
Source: Financial Digest (financialdigest.net)
globebusiness Um post election job reports, oddly enough, show a sharp drop in full time and rise in part time and the most recent GDP growth is 0.1% again for July - Canada has been flirting with recession for months according to GDP while the US is booming in terms of GDP...I wonder why
globebusiness Justin going for P.E. Trudeau's record in everything.
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