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Douglas Porter, Chief Economist of Capital Markets at the Bank of Montreal, Canada: Canada's fiscal policy and monetary policy may be moving in the opposite direction. Weak employment data, falling oil prices, and a sell-off in technology stocks may prompt Bank of Canada policymakers to re-evaluate whether it is necessary to raise interest rates again in December.
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Douglas Porter, Chief Economist of Capital Markets at the Bank of Montreal, Canada: Canada's fiscal policy and monetary policy may be moving in the opposite direction. Weak employment data, falling oil prices, and a sell-off in technology stocks may prompt Bank of Canada policymakers to re-evaluate whether it is necessary to raise interest rates again in December.
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