The Canadian Press

2015-07-06 | BoC Economic Outlook

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There is a divide in business confidence across the country as low oil prices weigh on the outlook for some regions more than others. That's according to the latest reading from the Bank of Canada. And Canadian Press reporter Terry Pedwell says that divide is showing up in predictions by the big banks about the future of interest rates. (The central bank says there are distinct regional differences in the country's business outlook, with plans to increase spending more prevalent in Central Canada and the manufacturing sector. It says energy-related regions and sectors expect to continue to see a decrease in spending.)

Date: 2015-07-06
Placeline: OTTAWA.
Source: The Canadian Press
Length: 22 seconds

Transcript Prediction: << call TD Bank for once as Canada's economy was likely in a recession through the first half of the year and is predicting the Bank of Canada will cut its key interest rate next week the central bank is widely expected to cut its expectations for growth in the second quarter but it's playing for interest rates is less clear BMO for examples as a rate cut is not a certainty because of a modest Improvement in manufacturing >>


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