It is not a large surprise that the Bank of Canada has downgraded its economic forecast given the uncertainties around the global economic recovery and Canada’s own economic prospects. Their 2010 forecast is now largely in-line with our estimate of 3.5%. We have been more pessimistic on Canada’s growth potential

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Bank of Canada Marginally Downgrades Economic Outlook

First though its important to know how we got here. The Aussie had a strong rally throughout 2009 as equities, commodities and other asset classes recovered from the severe financial crisis of 2008 and the global recession that followed. A lot of this rally was powered by central banks sharply

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Comparing the Australian and US Economies & Impact on AUD/USD

Yields on government bonds diverged to end a week marked by growing speculation that the global economic recovery has come to an impasse. Equity markets had fallen over the past couple of weeks with investors running scared that valuations failed to price in risks of a slowing economy. Barring a

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Each to His Own