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Tuesday, May 7, 2024

Bank of Canada and Fed head for historic divergence, in a blow to loonie

TORONTO, March 9 (Reuters) – As the Bank of Canada pauses its interest rate hikes, investors are betting that the sensitivity of Canada’s economy to higher borrowing costs will result in a historically large gap between the tightening campaigns of the BoC and the U.S. Federal Reserve. Analysts have …

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