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CIBC downgrades Canadian growth estimate, sees late-year CAD rebound

Discussion in 'Market News' started by ForexLive, Jan 28, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Canadian bank cuts 2016 growth estimate to 1.5% from 1.7% CIBC says fourth quarter growth in Canada was likely flat and that the slog will continue in 2016 because of low commodity prices. Their forecast, however, remains higher than the 1.4% Bank of Canada estimate.

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