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Old 03-02-2009, 04:10 PM
Canadian Canadian is offline
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Join Date: Jun 2008
Posts: 415
Default Canadian economy shrank at 3.4% annual rate in the last 2008 quarter

Canadian economy shrank at 3.4% annual rate in the last 2008 quarter, according to Statistics Canada. After the report the Canadian dollar dropped against major currencies. The Bank of Canada is expected to bring down the key interest rate to 0.5 per cent, but I don't think this will help our economy in any way.
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