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Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Proposed U.S. Tax Cut Favors Canadian Economy

January, 19 2017
watermark Economic news

The Bank of Canada’s Overnight rate target uphold the 0.50 percent as the economic outlook remains the same. It is forecasted that the economy will recuperate to its maximum potential  in the middle of 2018 driven by the infrastructure program of Federal government which could affect the economy.


The proposed tax cuts may be favorable for Canadian exports and business confidence but this may have an opposite effect for other states in America. Hence, this tax cut may not affect the economy of Canada. Even though the Canadian economy recovered solidly in the third quarter of 2016, it is forecasted since October to rise up to 2.1 percent until next year

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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.