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Economy News

'Rip the Band-Aid off': Advice for Federal Reserve Chair Janet Yellen
Investors are wondering whether U.S. Federal Reserve Chair Janet Yellen will end the era of zero-percent interest rates today. BNN guests give their predictions for Yellen’s latest move.
Posted on 9-17-2015 at 12:21 PM
Canadian dollar could tumble to 55 cents against the greenback, warns strategist
One investment strategist is making a stunning call that the Canadian dollar will slump to a new historic low of 55 cents against its U.S. counterpart over the next seven years.
Posted on 9-17-2015 at 10:44 AM
More Canadians collecting EI benefits; biggest increases in B.C., Ontario
More Canadians are collecting employment insurance benefits, especially in British Columbia, Ontario and Alberta,  Statistics Canada said Thursday.
Posted on 9-17-2015 at 9:30 AM
U.S. Fed should have raised rates earlier, now they will wait: Bill Rhodes
“With the volatility going on and the low growth of GDP worldwide … this is not the time to raise interest rates.”
Posted on 9-16-2015 at 6:00 PM
Will the Fed end the cheap money era or set off a global credit crisis?
The World Bank, The International Monetary Fund and The Bank of International Settlements say raising interest rates could set off a global debt crisis for emerging markets.
Posted on 9-16-2015 at 10:38 AM
CIBC signals rising household debt no cause for concern
CIBC is dispelling fears that rising household debt levels will have a detrimental effect on the Canadian economy.
Posted on 9-16-2015 at 10:15 AM
NDP would raise corporate taxes to pay for election promises
The NDP is promising to raise the corporate tax rate from 15 per cent to 17 per cent as of Jan. 1 in order to provide the main new source of revenue to fund its election promises.
Posted on 9-16-2015 at 9:31 AM
OECD trims Canada’s growth outlook
The Organization for Economic Co-operation and Development is taking a dimmer view of Canada’s economy, cutting its growth forecasts for this year and next.
Posted on 9-16-2015 at 7:25 AM

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