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Bank of Canada sees the commodity sector shrinking as part of the overall economy
Models run by Bank of Canada predict that it could take two years for the country to recovery from the dramatic downturn in oil prices. Bank of Canada Deputy Governor Lynn Patterson estimated the commodity sector may only account for 40% of exports by 2020, down from 50% in 2014, reports Edmonton Journal.

“It’s difficult for us to be precise about the timing and the underlying shifts of the economy,” said Patterson. “But our best guess is that this full adjust...

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