Bank of Canada's Dodge sees room to cut rates

Bank of Canada governor David Dodge said the Canadian economy appears likely to grow less rapidly than expected, at least until September this year and perhaps a bit beyond, until business investment grows.

Source: Reuters

The Bank of Canada opened the door on Tuesday to further interest rate cuts, saying that Canada's growth rate would fall short of earlier forecasts until at least the end of September.

Last week the bank cut its 2003 growth estimate to about 2 percent from around 2.5 percent in

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