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Tuesday, 04 December 2007

Canada falling interest rates


It lowered to 4.25%, citing a reduction in inflationary pressures and the "darkening prospects for the American economy".

The Bank of Canada announced Tuesday a drop of a quarter point to its benchmark rate.

It lowered to 4.25%, citing a reduction in inflationary pressures and the "darkening prospects for the American economy".

The latest forecast increase in GDP (gross domestic product) American suggest that if he resisted rather well this year, they could nosed down in 2008. Some fear the same risk of recession.

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