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Mon, Jan 18, 2016 - 10:10 AM
Scott Smith, Regional Director, Currency Strategy at Cambridge Global Payments says there's further downward pressure ahead for the Canadian dollar and it doesn't need an added push from the Bank of Canada. Smith doesn't think the Bank of Canada should cut rates this week, saying it would do little to spur on spending to lift the economy. He says Canadian consumers don't have much left in the tank.
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