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Economy News

Bank of Canada's Poloz headed for longest rate pause since World War II
Stephen Poloz is poised to extend the Bank of Canada’s interest-rate pause to the longest since World War II, helping Canadian bond yields resist the pressure of prospective tightening by the U.S. Federal Reserve.
Posted on 12-01-2014 at 9:59 AM
Exporters, consumers drive GDP 2.8% higher in third quarter
Canada’s economy grew at a better-than-expected 2.8 percent annualized pace in the third quarter, thanks to strong growth in exports and consumer demand and a long-awaited pick-up in business investment.
Posted on 11-28-2014 at 9:18 AM
Current account deficit shrinks to $8.4B in third-quarter
Market operators had forecast a deficit of $11.10 billion.
Posted on 11-27-2014 at 9:44 AM
Taxi apps like Uber are good for consumers, says Competition Bureau
Cities should reconsider moves to ban mobile-taxi applications, which include Uber Technologies Inc., as they’re good for consumers, Canada’s Competition Bureau said.
Posted on 11-25-2014 at 1:16 PM
Packed Toronto hotels herald Ontario revival on lower Loonie
Ontario’s accommodation industry added a record 41,700 jobs this year, accounting for about one-fifth of all new positions created in Canada. A weaker dollar is helping.
Posted on 11-25-2014 at 8:04 AM
Loonie gives back some of last week's gains
The Canadian dollar gave back some of last week's gains in early trade on Monday, November 24, as the greenback was mostly stronger amid signs from central banks in Europe and Asia that they are willing to do more to support economic growth and inflation.
Posted on 11-24-2014 at 1:09 PM

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