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BOC's Carney Says Stabilization Needed Not Yet Seen

posted by Avatar AnnJ 1193 days ago in CAD, GDP made popular 1193 days ago

Bank of Canada Governor Mark Carney said the precondition to economic recovery - stabilization of economic conditions - has not yet been seen. Speaking about the bank's optimistic forecast for a return to 3.8% growth in 2010, Carney said stabilization is a prerequisite for that expectation.
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