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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Thomas M. who wrote (16483)	9/22/1998 8:49:00 AM
From: Link Lady	Respond to of 18056

With the U.S. economy expected to lose steam over the next few months, the U.S. Federal Reserve is expected to cut short-term interest rates - probably by 25 basis points - in the, first half of 1999. Provided that the Canadian dollar remains relatively stable, the Bank of Canada is expected to follow the fed's lead. Additional interest-rate cuts by the Bank of Canada could be in store next year if the Canadian dollar regains some ground vis-…-vis the U.S. dollar. CANADIAN ECONOMY HURT BY GLOBAL TURMOIL, SAY TD ECONOMISTS newswire.ca