Canadian Economy Picks Up Quickly
Tuesday, October 11, 2005
The Canadian economy has grown quicker than expected in the latter part
of this year. This has raised fears of inflation arising in the
economy. As a result experts now predict that the Bank of Canada will
again be forced to raise interest rates, making this the third such
increase inside of a year. According to a recent Forex Reader
article the central bank will not likely curb increases until it hits
the projected 4% target. Experts see the economy finally starting to
show signs of responding to the slow down pressure via the increased
rate as evidenced in the drastic turn in small-cap stocks which are profiled in PennyStocksBook.com
Labels:
Canadian Dollar
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment