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Bank of Canada calls for lower growth, lower oil price

The Bank of Canada is predicting lower oil prices and lower growth for the next 4 quarters.

Its latest report calls for 2.1 percent growth this year, down from 2.4 percent last year.

It’s also projecting oil prices in the mid-to-high 80s, and not in triple digits like in its last report.

Published July 18, 2012