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John Dunford

John Dunford, MBA

Real estate mortgage broker

Tel: 514-949-5434

Possible Interest Rate Cut

Analysts were talking about an increased chance of an interest rate cut Monday following the Canadian dollar’s decline to its lowest value against the greenback in 11 years.

Concern about the global economy and the dollar’s weakness have led to speculation as to whether the two interest rate cuts so far this year will do enough to boost exports or if another cut to 0.25 per cent will be necessary.