Posted AT 2:49 PM EST on 16/11/07
Interest rate-cut chorus grows
A growing number of economists now expect the Bank of Canada to cut interest rates in the coming months as a strong dollar takes a bite out of trade.
Weaker-than-expected reports on international trade and manufacturing over the past week show the Canadian economy likely withered in the third and fourth quarters, they say.
At the same time, the strong currency is reducing import prices and causing retailers to cut prices on their goods — putting a damper on inflation.
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