The Bank of Canada was expecting after three years of raising interest rates, that a strong economy at the time would lead to inflation. That didn’t happen and what exists today is a Canadian economy that is slowing. All you have to do is look at the Canadian housing market. What was once too hot to touch is starting to melt down. Despite renewed interests in buying oil, many analysts think the Canadian dollar is headed lower.
The Canadian dollar may sink back to its record low of 62 U.S. cents as the country retrenches from a consumer-spending boom into the
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