Bank of Canada Cuts Interest Rate and the Dollar Plunges

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The Canadian dollar has dropped to a six-year low at barely above 77 cents US on account of the prime lending rate cut tp 0.5%.

But not all is gloomy, as predictions suggest the real GDP will grow by 1% in 2015 and by about 2.5% in 2016 and 2017.  If the predictions hold true things should be back to normal by 2017, but we don’t have great faith in predictions.