Sentences with phrase «citing lower oil prices»
Not exact matches
The bank cited the prospect of slower economic growth in Canada brought about by lower oil prices as one reason for moderating the rate.
http://www.canadianbusiness.com/
Citing sluggish growth abroad and lower oil prices, the Bank of Canada this morning lowered the overnight lending rate one quarter of a percentage point, to 0.5 %.
Oman, the poorest Gulf Arab country on the basis of economic output per person, was cut for the first time by Moody's Investors Service, which cited the negative impact of lower oil prices on government finances, economic performance and balance - of - payments.