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Rate cuts loom as economic prospects worsen
Canada's economic prospects have deteriorated in the past month, Bank of Canada Governor Mark Carney said Wednesday, hinting strongly that he would continue to cut interest rates in order to address the slowdown.
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Money Rates Decline in Europe on Cash Injections
The cost of borrowing in dollars for three months in London fell for a second day on speculation central-bank cash injections and deeper interest-rate reductions will further thaw the freeze in lending. 9
EU Constructing EU130 Billion Growth Package, Germany Says
The European Commission is working with the 27 EU states on a 130 billion-euro ($164 billion) package to bolster the region's economy amid recession, according to German government officials. 7
Central Bank Tries to Determine Interest Rates as Far as it
Occasionally I hear the odd guest on CNBC or Bloomberg Radio who lays blame for the crisis in exactly the right place - the Federal Reserve System in the U.S....or central banking more broadly. 7
Bank of England gets out machete
The benchmark interest rate might have to be cut by more than 2 percentage points, the Bank of England said yesterday, after its forecasts pointed to a deepening recession. 6
Gordon Brown steps forward for UK small businesses
Yet against Gordon Brown has been forced to remind the UK banking sector of its new obligations towards small businesses and finance. 7
Markets Take Weak Economic Data In Stride
As expected, bad news on the state of the US economy continues to roll in. First up, construction starts on new US homes fell 4.5% to a record seasonably adjusted low of 791,000 units last month and new applications for building permits fell 12.0 7
Canadian Dollar Suffers Broad-Based Losses as Equities
The loonie is currently down against all major foreign currencies, including the U.S. dollar ahead of Wednesday's anticipated consumer price index (CPI) report. 
