bank of canada lowers thirdquarter growth forecast
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

Bank of Canada lowers third-quarter growth forecast

Egypt Today, egypt today

Egypt Today, egypt today Bank of Canada lowers third-quarter growth forecast

Washington - SPA

The Bank of Canada on Tuesday sharply lowered its growth forecast for the third quarter and said the crucial export sector might accelerate slower than initially estimated. Senior Deputy Governor Tiff Macklem said the central bank expected annualized growth in the third and fourth quarters to be in the 2 to 2.5 percent range before strengthening in 2014. In its monetary policy report released in July, the bank said third-quarter growth would be 3.8 percent and fourth-quarter growth would be 2.5 percent.

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bank of canada lowers thirdquarter growth forecast bank of canada lowers thirdquarter growth forecast



 
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