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Bmo canadian dollar forecast

Bmo canadian dollar forecast

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BMO Economic Briefing: A look ahead to 2023
BMO Economics provides analyses and forecasts of the global economy and financial markets, for the investment and business decisions of our clients. Canada's merchandise trade deficit narrowed a touch to $ bln in September, following a downwardly revised $ bln shortfall in August. The Bank of Canada cut its overnight lending rate 50 bps today to % as widely expected, the fourth consecutive cut for a total of bps of reductions.

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Securities may not be offered or sold in Japan by means of this report or any other document other than to Qualified Financial Institutions within the meaning of item i of Article of the Government Ordinance to enforce the Financial Instruments and Exchange Act Kinyu Shohin Torihiki Ho Sekou Rei. To make this messier, the large services sector unexpectedly grew 0. But recall that Governor Bullock seemed to play down the possibility of a rate hike during the press conference when she revealed that there was a discussion around their messaging, and that the Board " didn't explicitly consider " a rate hike as not enough had changed since the prior meeting. The Press Statement said it was " now appropriate to moderate the degree of monetary policy restriction " given cooler headline and core inflation readings and the decline in inflation expectations.