This overall slowing should result in the Federal Reserve’s reducing its federal funds policy rate by 25 basis points in September and December, which would put it a range between 4.75% and 5%. … READ MORE >
U.S. growth
CHART OF THE DAY: Spillover effects of U.S. stimulus programs on Canada’s commodity and energy prices
Upward pressure on the Canadian dollar will have positive effects on the value of Canadian output, with increased demand for its products and increased buying power for Canadian consumers having a positive impact on both U.S. and Canadian economies. … READ MORE >