Also, the International Monetary Fund trimmed its growth forecast for China this year from eight per cent to 7.75 per cent due to weaker global demand but said the Chinese economy should remain robust.
TORONTO The Canadian dollar closed higher Wednesday after the Bank of Canada said it was leaving its key rate unchanged at one per cent.
The loonie was ahead 0.4 of a cent to 96.6 Air Max Thea Grey Print
Canada leaves interest rates unchanged
The glum economic outlooks depressed oil and copper prices with the July crude contract on the New York Mercantile Exchange down $1.88 to US$93.13 a barrel.
forecast for the 17 Nike Air Max Thea Rainbow European Union countries that use the euro, saying its economy will shrink by 0.6 per cent this year, after a 0.5 per cent drop in 2012.
In its semi annual update, the OECD again slashed its Air Max All White 2015
The IMF also warned that China needs to make a push to launch new market oriented reforms and has to control rapid credit growth that could lead to financial problems.
cents US as the central bank also said that the one per cent level is for a period of time. added that economic indicators suggest that growth in the first quarter was stronger than the bank projected in April. assessment came as the Organization for Economic Co operation and Development said that the recession in Europe risks threatening the world's economic recovery.
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