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Bank of Canada: Don’t count on commodity prices for income growth

Posted on 30 October 2013

Commodity prices may not rise as much as they have in recent years and should therefore not be relied upon for future income growth, Bank of Canada Deputy Governor Agathe Cote said on Tuesday.
“Going forward, productivity may become more crucial to our financial well-being, since real commodity prices, while expected to remain elevated, may not rise as much as they did in the past decade,” Cote said in the prepared text of a speech on “The Promise of Potential.”……………………………………Full Article: Source


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