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Economy News

Bank of Montreal pans Poloz decision to stand pat amid hope for stimulus
Bay Street is still wrestling with how policymakers should reinvigorate the economy. BMO says the Bank of Canada has simply “delayed the day of reckoning” – arguing the central bank is “pollyannaish” and will eventually have to cut rates again.
Posted on 1-21-2016 at 3:20 PM
Loonie rallies after a bruising start to the year
The loonie traded back above 70 cents US Thursday as higher oil prices and the Bank of Canada’s stand-pat strategy give the dollar a lift.
Posted on 1-21-2016 at 12:17 PM
Is the boost in credit card rewards worth the trip across the border?
Amid the persistently low loonie, Canadian credit card rewards collectors can take some relief in earning more points than before when spending money or shopping in the U.S., even though it isn't exactly the perfect time to go on a cross-border shopping spree in a bid to horde extra points.
Posted on 1-21-2016 at 11:12 AM
Alberta debt trend cut to negative by another rating agency
DBRS cut its ratings trend for Alberta to negative from stable on Thursday, just three days after a similar move by rival ratings agency Moody's, in another sign of the strain that sinking oil prices have put on the Canadian province's finances.
Posted on 1-21-2016 at 9:34 AM
Canada needs five years to adjust to commodities rout: BoC
Canada will adjust to lower commodity prices in three phases over the next five years, with the impact of lower incomes to be felt more strongly later on and economic growth by 2020 being 2 percent lower than it otherwise would have been, according to staff at the Bank of Canada.
Posted on 1-21-2016 at 8:43 AM
Canadians reworking vacation plans as loonie languishes
Discouraged by the strong U.S. dollar, many Canadian travellers are refraining from trips to the United States in favour of staycations or 'bucket list' adventures in Europe.
Posted on 1-21-2016 at 2:28 PM
Canada factory sales up 1%, ends three-month falling streak
Canadian manufacturing sales increased by a greater-than-expected 1.0 percent in November, breaking a three-month falling streak, Statistics Canada data indicated on Wednesd
Posted on 1-20-2016 at 11:58 AM
Canadian wholesale trade rises for first time in five months
The value of Canadian wholesale trade rose for the first time in five months in November, climbing 1.8 percent on strength in the motor vehicles and parts sub sector, Statistics Canada said on Wednesday.
Posted on 1-20-2016 at 11:48 AM

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