Thu, 06 Mar 08
Canadian economic growth will slow drastically this year, claims the IMF...
A recent International Monetary Fund report predicts that the economy will plummet to 1.8%, with a risk of an even sharper downturn as weakness in the
After growing about 2.5% in 2007,
Canadian dollar 'overvalued'?
A spokesperson for the IMF stated: "The balance of risks to growth is tilted to the downside. With
The spokesperson added: ‘The Canadian dollar at near parity with the U.S. dollar was an appropriate market value, reflecting the strong economy and high commodity prices. Some measures suggest it is slightly overvalued.
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