Tuesday, January 23, 2007

Interest Rate Cuts, Don't Count On It.

Inflation edges up to 1.6%
Last Updated: Tuesday, January 23, 2007 8:20 AM ET
CBC News

"Canada's annual inflation rate rose to 1.6 per cent in December from 1.4 per cent the month before as housing costs rose again and drivers paid more for gasoline."

"Don't expect [Bank of Canada] governor Dodge to even mention rate cuts until we see a rising unemployment rate," he said." Full Article.

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