Forex Blog: Currency Trading News & Analysis.

October 11th 2005

Canadian Economy Picks Up Quickly

The Canadian economy has grown quicker than expected in the latter part of this year. This has raised fears of inflation arising in the economy. As a result experts now predict that the Bank of Canada will again be forced to raise interest rates, making this the third such increase inside of a year. According to a recent Forex Reader article the central bank will not likely curb increases until it hits the projected 4% target. Experts see the economy finally starting to show signs of responding to the slow down pressure via the increased rate as evidenced in the drastic turn in small-cap stocks which are profiled in PennyStocksBook.com

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Posted by Adam Kritzer | in Canadian Dollar | No Comments »

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© 2004 - 2018 Forex Blog.org. Currency charts © their sources. While we aim to analyze and try to forceast the forex markets, none of what we publish should be taken as personalized investment advice. Forex exchange rates depend on many factors like monetary policy, currency inflation, and geo-political risks that may not be forseen. Forex trading & investing involves a significant risk of loss.