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Richter survey of bank forecasts: Foreign exchange and interest rates

23/05/2017 On May 8, the CAD/USD currency pair closed at 72.9 US¢/CAD; its near-lowest level of the past twelve months. Interestingly, according to Desjardins, the GDP growth in Q1 2017 was stronger than expected, indicating that the Canadian economy has been relatively robust.

2017 Ontario Budget Executive Summary

03/05/2017 In the Ontario Budget tabled on April 27, 2017 (the “2017 Budget”), the Minister of Finance highlighted Ontario’s healthy position and a plan to achieve a balanced budget, the first one since the 2008-09 global recession.

Richter survey of bank forecasts: Foreign exchange and interest rates

26/04/2017 The CAD/USD closed at 75.0 US¢/CAD on April 13, 2017, rising to the highest level since the beginning of March.

2017 Quebec Budget Executive Summary

29/03/2017 The Budget proposes a change to the qualifying criteria for the small business deduction (SBD) for corporations that do not operate in the resource or manufacturing sectors....

Richter survey of bank forecasts: Foreign exchange and interest rates

28/03/2017 Many of the reporting banks made little changes to their forecasts. According to CIBC, possible changes to fiscal policies in the U.S. creates exchange rate uncertainty. Desjardins also adopts a wait-and-see approach, citing “waiting for Trump administration’s decisions” as reasoning for leaving currency forecasts unchanged.

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