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Bank of Canada Governor warns much of the relative health of his country's economy is the result...

  • Thursday, June 21, 2012, 1:37 PM ET
    Bank of Canada Governor warns much of the relative health of his country's economy is the result of "debt-fuelled household expenditures," as he praises this morning's tightening of mortgage lending rules. He again  says higher rates are coming, the timing not yet set. Toronto, -2%, leads to the downside today, maybe on the new mortgage rules, or maybe because commodities are getting beat up.
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