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Monday, August 25, 2014

Daily Market Update: Bank says they are not bound by Fed rate rise | Canadians stressed by personal debt | Canada’s wealthiest cities are not the ‘big three’

 
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25 August 2014  
 
Market Update
 
 
 
 
 
Bank says they are not bound by Fed rate rise
 
The governor of the Bank of Canada has made it clear that the US Federal Reserve does not control what happens in Canada.
 
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Canadians are stressed by their debts
 
A new BMO report says that Canada’s levels of personal debt are a real concern for many, especially the younger demographic.
 
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The wealth diversity of Canada’s cities
 
The gap between the cities with the highest and lowest incomes has been highlighted in a new study by Statistics Canada.
 
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US housing data expected to show optimism
 
The latest figures on the US housing market are due this week and experts are predicting that things will be improving after the cold winter.
 
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