Canadian finance minister says Canada still expecting moderate economic growth; may have to revise forecasts down somewhat

Canadian finance minister says Canada still expecting moderate economic growth; may have to revise forecasts down somewhat

Says:

– Concerned about some Canadian provincial debt and deficit levels.

– Provincial and federal governments must both be on track of reducing deficit levels.


Reaction details:

– USD/CAD moves 7 pips higher in the immediate reaction to 0.9821, as the CAD weakens on the back of the prospect of a downgrade to the Canadian growth outlook.

Print

14:30 –
Economic commentary

– Source:

Newswires

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Canadian finance minister says Canada still expecting moderate economic growth; may have to revise forecasts down somewhat
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