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Sagging GDP spurs talk of deeper cuts from Bank of Canada

Economists said the November disappointment puts the 2014 fourth quarter on pace for a tepid 2-per-cent annualized growth rate. But perhaps more troubling was the source of the weakness in the November numbers: Oil wasn’t the biggest problem.
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Sagging GDP spurs talk of deeper cuts from Bank of Canada
Economists said the November disappointment puts the 2014 fourth quarter on pace for a tepid 2-per-cent annualized growth rate. But perhaps more troubling was the source of the weakness in the November numbers: Oil wasn’t the biggest problem.
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Toronto-Dominion Bank, Canada’s largest lender, says it has no plans to cut its prime rate to match the central bank’s move, keeping the rate linked to variable mortgages, car loans and other securities, at 3 percent. Other banks, including Royal Bank of Canada, are also holding off.
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Only five prime ministers in our history have lasted this long, but Harper still craves another four years. And he’s got one formidable asset in his corner: Good economic luck.

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