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Canada Rates May Drop to Zero in 6 to 18 Months, Wolf Says

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The Bank of Canada may cut interest rates to zero in the next six to 18 months as a rising Canadian dollar threatens the recovery, according to Fidelity Investments’ David Wolf.

Rebounding oil prices have spurred Canada’s currency to the biggest rally among Group of 10 nations versus the U.S. dollar in the last three months.