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World Economy Risks ‘Dangerously Diverging’ Even as Growth Booms

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BioFit reviews 2021 update. Do BioFit probiotic pills really work or weight loss supplement has negative customer reviews? Read this BioFit review by FitLivings for detailed information. BioFit Probiotic Reviews 2021 – Gobiofit Pills Real Weight Loss Results or Risky Side Effects? BioFit reviews 2021 update. Do BioFit probiotic pills really work or weight loss supplement has negative customer reviews? Read this BioFit review by FitLivings for detailed information. East Islip, NY, April 03, 2021 (GLOBE NEWSWIRE) — This is the 2021 published BioFit reviews report. This report shares really important information interested BioFit probiotic customers must read before making their purchase. MUST WATCH: “Critical New BioFit Probiotic Weight Loss Report – This May Change Your Mind” BioFit probiotic is a new weight loss supplement in the market that utilizes the power of naturally occurring beneficial bacteria strains to help users lose weight. As per the official website (gobiofit.com), this supplement helps provide users with a unique way to trigger weight loss without disturbing other bodily functions. In addition to optimizing the body weight, BioFit probiotic pills may also influence other aspects of health and improve them, such as immunity, digestive health, and overall quality of life. (EXCLUSIVE PROMO) Click Here To Order BioFit Probiotic at a Special Discounted Price Today! With the evolution of life, the human lifestyle has also evolved. The current lifestyle that we are pursuing is extremely unfortunately no good. Characterized by hectic jobs and lack of time, there is no time left for people to focus on their health. They have eventually turned to extremely poor dietary habits and this, together with a lack of physical activity, is causing immense damage to their health. Along with different diseases that have emerged all around the world thanks to this sedentary lifestyle, the most prominent one is obesity. Contrary to what people believe, the side effects of obesity are not limited to physical health only. In addition to causing multiple life-threatening diseases, it can also negatively impact the mental health of the sufferer. Therefore, it is imperative to address it as soon as possible. But with no time to spare, most people aren’t able to follow the conventional weight-loss strategies. For all such people, an alternative option can be weight loss supplements that use natural ingredients to trigger safe weight loss. One such product for obese people looking forward to shedding pounds can be the BioFit weight loss supplement. What’s the hype surrounding BioFit probiotic supplement and how does it work inside your body? Can you really rely on BioFit probiotic for weight loss without damaging any other aspect of your body? To get answers to all these questions, keep reading this in-depth BioFit review. It will discuss all the important aspects of this product and help you solve any queries related to it. ALSO SEE: “We Found The LOWEST Discounted Price for BioFit Supplement Right Here” BioFit Probiotic Review Have you recently started noticing a deterioration in your health? Constant digestive issues, frequent skin problems, and mood swings, all being topped by none other than obesity? Have you ever wondered if somehow these completely unrelated issues might be connected? What if there is a common cause behind them? Chances are, you are right, and in such circumstances, the problem usually lies within the gut. While most people consider the gut as a place where digestive processes take place, it is a lot more in reality. In fact, if you go deeper into studying it, you will realize that there is a separate world that is inside this gut, and this world is populated by none other than tiny bacteria. These bacteria, millions in quantity, are friendly in nature and responsible for various aspects that determine your health. But when these bacteria go out of whack, your whole life can turn upside down. You can encounter a lot of problems altogether, the most prominent of which is weight gain. To get rid of such weight gain, you need to focus on regaining this lost balance and for that purpose, experts recommend consuming probiotics. One natural way in which you can obtain more probiotics is by consumption of a suitable supplement, such as Natures Formulas BioFit pills. BioFit probiotic supplement is a natural formula that targets your gut in order to help improve the overall functioning of your body. If you are not aware of it already, the human gut is connected to almost every other organ system within the body. It is in communication with your immune cells, excretory organs, and even your brain. Therefore, it must keep working optimally and the levels of beneficial bacteria, known as the gut microbiome, remain in balance. If this balance is somehow lost, the capacity of your gut to breakdown food and absorb nutrients automatically decreases. As a result, your metabolism slows down, making you prone to weight gain. To correct such metabolism, the regular use of BioFit weight loss pills can be of great help. According to the BioFit official website, this oral product includes several lactobacillus strains along with some other varieties of beneficial bacteria. All of these bacterial strains are friendly and can work to sort out any underlying issues that may be causing your metabolism to slow down. Multiple GoBioFit reviews online have mentioned the billions of colony-forming units or CFUs that these pills contain which can help with detoxification of the gut, reduction in inflammation and, as a result, acceleration of weight loss. BioFit probiotic is expected to be of high quality and includes natural ingredients only. The manufacturers have mentioned several times how their product is free from any harmful chemicals, toxins, and fillers which may lead to possible side effects. Every BioFit pill contains a blend of seven probiotics enclosed in easy-to-use capsules which you can easily take on a daily basis without much hassle. All you need to do is swallow it down with the help of some water. However, it is to be noted that while the company behind the BioFit probiotic for weight loss has associated many benefits with this product, these benefits can vary from one user to another, according to personal characteristics like age, sex, and current body weight. (ACT NOW AND SAVE) Click Here To Get BioFit Probiotic at a Discounted Price While Supplies Last! How Does BioFit Probiotic Really Work? According to gobiofit.com, the company manufacturing this supplement, these weight loss pills are quite different from the rest of weight loss products out in the market, mostly because it uses probiotics i.e. live bacterial strains to induce weight loss. Now a lot of people may get confused when they hear the word probiotics as they are not aware of it. If you don’t know what probiotics are, these refer to live bacterial strains that naturally reside inside the human gut. Here, they are present in the number of millions and help in assistance of various regular processes occurring inside the body. Remember that your gut houses millions of bacteria, both good and bad. These are collectively known as the gut microbiome and in this colony, the good and bad guys stay in balance so that your body may keep working optimally. However, this balance can get disturbed due to various external and internal factors, such as high inflammatory levels, increased toxin load, etc. When this happens, your overall health takes a toll, your metabolism reduces, and you find yourself loading on piles of weight, even if you are consuming a healthy diet or exercising on a daily basis. To address this issue, what you need to do is rebalance your microflora and for that purpose, BioFit weight loss probiotic may help. But how can a natural supplement like BioFit pills work to induce weight loss? There are different ways in which this product may work, some of which are explained below. Establishment of a balanced gut microbiome As mentioned before, the human gut consists of various bacterial colonies, all of which combine to be known as the gut microbiome. These colonies basically include two different types of bacteria i.e. Firmicutes and Bacteroidetes. Each of these strains is equally important and has been found to be involved in the regulation of several body functions. For example, some of these bacteria break down fiber to produce butyrate while others help in the production of nutrients and vitamins. The two families of bacteria described above have to be in a perfect balance to allow the proper working of the gut. If for any reason, one of the strains outgrows or dominates the other, the entire microbiota collapses. Studies comparing the gut microbiota of healthy and obese individuals have suggested that there is normally a huge difference in the gut microbiota in these two groups. Those suffering from obesity normally have more Firmicutes as compared to Bacteroidetes whereas the reverse is true for healthy individuals. These differences have a lot to do with bodyweight optimization. The latest research primarily conducted on animals has found that if you transplant the gut microbiome of the obese participants in the healthier ones, the latter tend to gain weight at a faster speed. This implies that the gut microbiome plays a significant role in weight regulation, and any abnormality in it can automatically make you prone to weight gain. So it is important that you rebalance the microbiome in your gut and one way to do so is by including a supplement such as the BioFit fat burner into your daily diet. Check out real BioFit probiotic reviews and consumer reports online. Does it really work for all its users? Visit gobiofit.com for more reviews. Weight gain prevention Contrary to what most people believe, weight loss is not only about trying to shed off the existing stubborn fat layers off the body. In fact, you also need to take into consideration many other factors, such as preventing new fat molecules from entering and expanding these storages. Many people make use of diet and exercise to get rid of the extra fat around their bodies; however, what they fail to realize is that they also need to do something to prevent gaining any new fat deposits, and for this purpose, the BioFit weight loss supplement can come handy. As per the conclusions derived from a study that included participants using probiotic supplements, these supplements can help prevent them from gaining any extra weight, even if they are overfeeding themselves. On the other hand, people who overfeed their bodies without getting any extra help through a supplement like BioFit probiotics for weight loss are more likely to get obese. Reduction in body weight and fat content The Lactobacillus family is a rather popular strain of probiotics that has been associated with effective weight loss and fat melting. In fact, research suggests that using it in an adequate amount may cause up to a 4 percent decrease in total body weight. Similarly, another study conducted on obese participants has found that people who supplement their bodies with probiotics in the form of BioFit diet pills can lose around 50% more weight than those who don’t follow this practice. Miscellaneous In addition to the mechanisms mentioned above, there are several other ways in which probiotics may induce weight loss inside the body. These proposed mechanisms are mentioned below: Certain strains belonging to the Lactobacillus family force the body to derive a lesser amount of calories from the incoming foot. In other words, it reduces the amount of fat you get through diet. Once the absorbed fat content decreases, the risk of weight gain also reduces. Certain probiotics, also found in the BioFit fat burner, up-regulates ANGPTL4, a protein that supports fat burning while preventing this fat content from going to storage. Probiotics can also fight increased levels of inflammation inside the body. Because inflammation serves as one of the major risk factors behind obesity, curbing it can improve the metabolism and allow the body to lose weight effectively. Some probiotic strains also make fat molecules leave the body through the natural excretory mechanisms which can accelerate fat loss. Probiotics can target the production of GLP-1, a hormone that controls appetite and reduces it. Once your appetite is under control, your chances to overeat are less likely which automatically reduces the risk of obesity. Additionally, the same hormone also encourages the breakdown of fats and effective utilization of calories. Considering all the mechanisms that have been mentioned above in detail, you can safely assume that probiotics can indeed help in accelerating weight loss in users. All you need to do is take them in the right combination and adequate amounts so that the effects can be maximized. With the availability of BioFit probiotic for weight loss, this can be easily achieved by everyone. Check out what BioFit customer reviews and weight loss testimonials 2021 are saying. How does this probiotic formula help with weight loss? Visit Gobiofit.com Here For More Details! Expected Benefits Of the BioFit Probiotic Supplement According to the company behind the BioFit probiotic pills, this supplement can help users observe a greater weight loss in their bodies. However, the benefits are certainly not limited to this only. In fact, users may expect the following changes to occur once they start using this product on a regular basis, as mentioned on gobiofit.com. Improve Digestive Health The use of probiotics has primarily been associated with digestive health. Because these live bacterial strains can help rebalance the gut microbiome, users can expect to experience an improvement in their overall digestive health. So with the BioFit probiotic weight loss supplement, they can say goodbye to problems like constipation, diarrhea, stomachache, and more. Less Bloating One of the most common signs that your digestive system is out of whack is the constant feeling of being bloated. However, once you start using BioFit probiotic for weight loss, you can expect this symptom to go away. Stronger Immunity As mentioned before, the gut microbiome is connected to almost every system of the body, including the immune cells. Because these bacteria directly control your immune responses and their strength, any imbalance in them can automatically make you vulnerable to infections and diseases. Using a probiotic supplement like Nature’s Formulas BioFit can help regain balance so that the body’s natural barriers can be strengthened. As a result, you can enjoy better health without the risk of falling sick every now and then. Controlled Body Weight Another benefit that you can expect to achieve with the regular use of BioFit probiotic supplement is weight loss. As these pills work to restore the gut balance, the metabolism gets optimized and starts working at an efficient speed which can help in the reduction of the fat content from the body. Improved Cognition Have you ever heard of the gut-brain axis? It is the connection that indicates how your gut can control whatever is going on inside your brain. So when your gut is disturbed, so is your brain and, as a result, your mental health may suffer. On top of this, obesity can also bring about its own set of negative effects on the mental health of the victim and may hurt his self-esteem, leading to possible depression. With the BioFit weight loss pills, these adversities can be avoided and brain health can be improved. Optimization of the Sleep Cycle Chrissie Miller’s BioFit weight loss probiotic also focuses on the sleeping habits of the user. These pills are expected to calm your brain, due to the gut-brain axis, and help you regulate your sleep-wake cycle in a much better way. Once you start sleeping properly at night, your deep sleep metabolism can work efficiently on controlling your body weight as well. That means you can kill two birds with one stone quite easily. Reduction of Appetite What is one of the most common culprits behind constant weight gain? Increased appetite. Most obese people admit how they eventually lose control of how much food they put inside their bellies and, as a result, their body weight keeps on increasing. Using BioFit weight loss probiotic can; however, control this appetite and help you shed weight. Better Skin Health According to gobiofit.com, consuming BioFit probiotic pills may also help your skin health. It can considerably reduce the chances of encountering acne attacks and make your skin younger, firmer, and glowing. That said, Chrissie Miller and Nature’s Formulas have reminded the customers time and again how the individual benefits of the BioFit weight loss formula may vary from one person to another. (ONLINE PROMO) BioFit Probiotic Pills Now Available at $49 Only. Click Here To Claim The Offer! Evaluating The BioFit Ingredients List Chrissie Miller, the focal person behind the BioFit weight loss supplement believes that the benefits that can be obtained using these probiotic pills are due to its unique combination of ingredients. These ingredients mostly comprise live bacterial strains sourced naturally. Mentioned below is the list of all BioFit ingredients as mentioned by its official website. Lactobacillus Casei This popular strain of bacteria is already present inside your body, both in your gut as well as your mouth. Because it is something that’s already a part of your system, it is least likely to harm you in any way. The use of lactobacillus Casei has been studied in reference to lactose intolerance and scientists have found how this strain can help improve this condition. Moreover, using it can also regulate your bowels and improve digestion so that weight loss can occur. Lactobacillus Plantarum Regarded as the strongest component of the BioFit fat burner, this strain of bacteria can easily tolerate and thrive in the harshest environments. You can get it through different natural dietary sources such as kimchi and sourdough in addition to obtaining it in a supplemental form. Once this strain enters your boy body, it targets the toxins that have been building up for years and works on reducing them. Side by side, it continues to fight the bad bacteria in the gut while replenishing the suppressed levels of the beneficial strains, all in order to regain balance and accelerate weight loss. Lactobacillus Acidophilus Lactobacillus Acidophilus has been attributed to some amazing benefits for human health. While its primary responsibility is to convert lactic acid into lactate, this bacterial strain helps improve immune responses and kill any foreign invaders that may otherwise harm you. Bacillus Subtilis This strain has been added to the BioFit probiotic for weight loss to improve all the digestive processes while optimizing metabolism so that weight loss can occur at a good speed. Bifidobacterium Longum Bifidobacterium Longum targets the free radicals inside the body. These free radicals are normally produced as a by-product of the metabolism; however, once their levels get too high in the body for some reason, they can hinder metabolic activities. As a result, weight loss becomes impossible. With this BioFit bacterial strain, users can expect to lower their free radicals and, as a result, the levels of oxidative stress may also reduce. Once this happens, the metabolism can be restored and weight can be maintained. Bifidobacterium Breve Bifidobacterium Breve can strengthen the immune responses by regulating the working of different types of white blood cells. Consequently, it can protect the body from harmful bacterial attacks. Another reason why manufacturers have added it to the BioFit diet pills is that it can perform multiple duties at once. For example, it targets fat stores while promoting good skin and better respiratory health. Bacterium Lactis Bacterium Lactis has been added to the BioFit probiotic composition to address the psychological impact of obesity on its victims. Inside the body, this strain can regulate emotional well-being while working on improving the mental health of the users. This probiotic can also optimize the sleep-wake cycle while relaxing the mind. Medium Chain Triglycerides (MCTs) The composition of the BioFit probiotic weight loss supplement also includes MCTs, even though their levels are quite low. This specific type of triglycerides has been associated with weight loss and can help users further accelerate their body weight optimization. (HUGE SAVINGS TODAY) Click Here to Order BioFit Weight Loss Probiotic For The Lowest Price Online Is BioFit Legit? Key Features and Defining Characteristics According to the manufacturing company and Gobiofit consumer reports 2021, these weight loss pills have several key features that may help you decide if you wish to invest in them or not. These features are mentioned below. Authentic manufacturers BioFit pills come from a company that goes by the name of Natures Formulas. This name might not be new to many people, especially those who are familiar with the supplement world as the company has been manufacturing several other healthcare items as well. This means that this weight loss formula does not come from a shady manufacturer which has no presence or credibility and users can rely on it. Third-party validation The official website of the Nature’s Formulas BioFit pills state that the manufacturers are well-aware of the concerns that most users have in terms of believing any new supplement. Moreover, it is hard to believe the promises put forward by the manufacturing company itself, too. Therefore, it has taken pain to get BioFit tested from a third-party platform to clear all confusion. As a result, you can easily rely on these pills to get your desired outcome. High quality BioFit weight loss probiotic has been manufactured in an advanced facility where the latest processing techniques are used while keeping in mind the best sterile practices. Therefore, the final product that comes out of this manufacturing unit is expected to be of high quality. Safe and natural Unlike many shady supplements out there, the company behind BioFit probiotic has been completely open and transparent about what has been included in this product. The complete list of ingredients has been uploaded on the official website and users can access it at any time to get a better idea about it. Moreover, the ingredients list of these pills indicates that it only comprises natural ingredients and that there are no stimulants, fillers, or toxins included in it. Many GoBioFit reviews online have mentioned how it is a safe product that is highly unlikely to cause any side effects To check out BioFit weight loss before and after pictures and more information on BioFit reviews from customers, visit the official website here. BioFit Side Effects and Warnings Chrissie Miller’s BioFit probiotic supplement is a completely natural product that contains live bacterial strains most of which are already present inside the human body at one place or another. As a result, the chances that these pills may disrupt the normal functioning of the body or interfere with any other process, organ, or system are very low. Due to this reason, manufacturers have mentioned how users can keep using this product for as long as they like without having to worry about anything. Moreover, the fact that this supplement does not have any chemicals that may form tolerance is a plus point. This indicates that users can keep consuming it without the risk of being addicted to it and stop cold turkey whenever they feel like it. Even though the formula of BioFit probiotic is natural, it still doesn’t make it right for users to use it according to their own will or try consuming it in quantities that are higher than the recommended dosage. Overdosing on anything, even if it is natural, can bring about adverse effects in users; therefore, all users must stick to the official guidelines when it comes to consuming this supplement. Remember that BioFit weight loss probiotic is only meant to be used by adults that doubt that their constant weight gain is a result of gut imbalances. This supplement is not safe to be consumed by any individual who is below the age of 18 years. Additionally, several other groups must be cautious about using the BioFit supplement on a daily basis. These groups include the following: Both pregnant and lactating females must avoid using this weight loss formula. This is because its safety has not been evaluated in these groups and it might harm them as well as their babies. People with any coexisting medical issues should avoid BioFit supplement as it may exacerbate any of the issues they are currently facing. People already on OTC drugs must not consume BioFit without asking their doctor first. This is to minimize the risk of cross-reaction. People with underlying allergies to any one of the BioFit must avoid. If you belong to any of the above-mentioned groups, chances are BioFit probiotic might not be a good fit for you, unfortunately. However, if you are completely healthy with no issues and yet want to be sure if this supplement is safe, consider checking in with a doctor first. Where To Buy BioFit Probiotic? GoBioFit.com Pricing and Refund Policy Interested consumers should visit Gobiofit.com to place their orders. Nature’s Formulas is currently giving out discounts on every order placed through the official platform. More information on these discounts can be found below: One bottle of the BioFit supplement is for $69.95 A three-bottle pack is available at a discounted rate in which each bottle costs $59.95 A six-bottle pack of this supplement further reduces the per price to $49.95 per bottle Remember that the prices mentioned above are a part of the discount program that’s currently going on at the official website of the product. This program is for a limited time and the discounted prices can revert to the original rates at any time. So place an order for BioFit probiotic pills today to enjoy while the offer lasts. Moreover, always place your order through the official BioFit website so that you can enjoy maximum discounts while preventing any BioFit scam that you may fall into if you rely on third-party sellers. If you have been consistently using the BioFit weight loss probiotic supplement for some time now but, for some reason, you are unable to lose weight, do not lose hope. The company has a refund policy in place for all those who have been dissatisfied with their product for any reason whatsoever. So in such circumstances, what you can do is visit the company’s official webpage and place a request for a refund. After confirmation of your order, it will issue you your complete amount without nagging you with unnecessary questions. However, keep in mind that this offer can only be obtained within 60 days of order placement. Once this timeline has passed, the company will not entertain any requests. BioFit Reviews – Concluding Remarks From the details gathered, BioFit seems like a good solution to all users who are constantly being troubled by several digestive issues including obesity. Every pill of this supplement is powered by millions of CFUs containing live bacterial strains that can restore the gut balance and help you fight stubborn fat while improving your immunity levels. Nature’s Formulas has assured that BioFit probiotic is a natural product without any risks of side effects. Lastly, the presence of the 60-day-long money-back guarantee further sweetens up the deal. Get BioFit weight loss probiotic at a discounted price while supplies last. BioFit Probiotic Reviews 2021 and Frequently Asked Questions Regarding GoBioFit.com Can you buy BioFit pills from Amazon? There are very few chances of you coming across any real BioFit Amazon availability. The supplement is only present on the official website and it is the only platform worth trusting. Is BioFit available for international delivery? NaturesFormulas BioFit supplement is currently being delivered to most parts of the world. However, customers must keep in mind that it may take additional days to deliver the product. How many BioFit probiotic pills should I take? According to the official website, you need to take one capsule of this supplement per day to observe the benefits regularly. Do I need a prescription for BioFit probiotic? Because BioFit probiotic is a natural supplement, not a pharmaceutical drug, users do not need a prescription to purchase it. All they need to do is visit the official BioFit website and place an order. Visit The Official Website Here to Order BioFit Probiotic Today! Product Contact: BioFit Probiotic support@gobiofit.com About Fit Livings: This press release has been created by Fit Livings, a New York based small business providing consumers with health and fitness related product reviews and reports. These reviews help them make informed decisions. Individual results may vary and this product review has been published for information purposes only. Any purchase done from this link is subject to the final terms and conditions of the website that is selling the product. To contact Fit Livings regarding this press release, please email at info@fitlivings.com FDA and Supplements: The FDA will never approve a dietary supplement. According to the Food and Drug Administration, dietary supplements are a category of their own, and they are not subject to FDA regulation or approval. If a company is claiming that the FDA approves their diet supplement, run. This is a clear misrepresentation. — This statement has not been evaluated by the Food and Drug Administration. This product is not intended to diagnose, treat, cure, or prevent any disease. — These statements have not been evaluated by the Food and Drug Administration. This product is not intended to diagnose, treat, cure, or prevent any disease. Attachment BioFit Probiotic Reviews 2021 – Gobiofit Pills Real Weight Loss Results or Risky Side Effects?

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The Toronto Stock Exchange falls 0.58% to 19,031.64

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* The Toronto Stock Exchange’s TSX falls 0.58 percent to 19,031.64

* Leading the index were Laurentian Bank of Canada <LB.TO​>, up 5.6%, goeasy Ltd​, up 4.5%, and Air Canada​, higher by 4.4%.

* Lagging shares were Turquoise Hill Resources Ltd​​, down 7.0%, Silvercrest Metals Inc​, down 5.5%, and New Gold Inc​, lower by 4.8%.

* On the TSX 73 issues rose and 154 fell as a 0.5-to-1 ratio favored decliners. There were 13 new highs and no new lows, with total volume of 171.6 million shares.

* The most heavily traded shares by volume were Enbridge Inc, Suncor Energy Inc and Air Canada.

* The TSX’s energy group fell 1.21 points, or 1.1%, while the financials sector climbed 0.02 points, or 0.0%.

* West Texas Intermediate crude futures rose 0.51%, or $0.31, to $61.66 a barrel. Brent crude  rose 0.43%, or $0.28, to $65.6

* The TSX is up 9.2% for the year.

This summary was machine generated April 22 at 21:03 GMT.

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Economy

Canadian dollars hold on to Wednesday’s rally

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Canadian dollars

By Fergal Smith

TORONTO (Reuters) -The Canadian dollar was little changed against its U.S. counterpart on Thursday as a decline in risk appetite was offset by the Bank of Canada‘s more hawkish stance, with the currency holding on to its gains from the prior day.

The loonie was trading nearly unchanged at 1.2500 to the greenback, or 80.00 U.S. cents, having traded in a range of 1.2472 to 1.2534.

It was one of only three G10 currencies to keep pace with the U.S. dollar as U.S. stocks dived on reports that President Joe Biden planned to propose nearly doubling the capital gains tax.

The others were the Swiss franc and the Japanese yen, which are both renowned safe-haven currencies.

“The BoC’s relatively hawkish move yesterday may have moved USD-CAD’s trading band down a notch,” said Ronald Simpson, managing director, global currency analysis at Action Economics, adding that the shift in yield spreads has supported the loonie.

The gap between Canada‘s 10-year yield and its U.S. equivalent has declined to just 3 basis points in favor of the U.S. bond from 19 basis points at the start of the month.

On Wednesday, the Canadian dollar touched its strongest intraday level in one month at 1.2455 after the Bank of Canada signaled it could start hiking interest rates in late 2022. The central bank sharply boosted its outlook for the Canadian economy and cut the pace of bond purchases to C$3 billion a week from C$4 billion.

“I would advise penciling in a further taper (of bond buying) at the July MPR meeting,” Derek Holt, vice president of capital markets economics at Scotiabank, said in a note, referring to the bank’s monetary policy report.

The price of oil, one of Canada‘s major exports, settled 0.1% higher at $61.43 a barrel.

Canada‘s 10-year yield was little changed at 1.522%.

(Reporting by Fergal Smith; Editing by William Maclean and Peter Cooney)

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Canadian annual inflation rate doubles

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By Steve Scherer

OTTAWA (Reuters) – Canada‘s annual inflation rate doubled to 2.2% in March, Statistics Canada said on Wednesday, as the central bank signaled economic slack would likely be absorbed earlier than it had previously forecast.

Previously, the Bank of Canada had said it would be 2023 before inflation returned sustainably to its 2% target. On Tuesday, the central bank said it would happen in the second half of next year. In the meantime, inflation would temporarily breach its target, the bank said.

Part of the March price bounce is due to a statistical effect caused by a sharp deceleration last year during the coronavirus pandemic, Statscan said.

The bank also held its key overnight interest rate at a record low 0.25% as expected.

Analysts polled by Reuters had expected the annual rate to rise to 2.3% in March, up from 1.1% in February. Energy prices gained 19.1% on a year-on-year basis, while inflation excluding gasoline and food rose 0.9% versus a year ago.

“The headline spike, as expected, is largely an energy story, but there are some signs that underlying pressures are starting to show up,” said Nathan Janzen, senior economist at the Royal Bank of Canada.

“The Bank of Canada‘s core measures also moved higher on the month, with two of them very slightly above the Bank of Canada‘s midpoint 2% inflation target,” Janzen said.

CPI common, which the central bank calls the best gauge of the economy’s underperformance, was 1.5%, slightly higher than the 1.4% forecast by analysts.

CPI median rose to 2.1% from 2.0% in February, and CPI trim was 2.2% in March, up from a revised 2.0% in the previous month.

But Derek Holt, vice president of capital markets economics at Scotiabank, said the annual rate is not being driven solely by a statistical effect.

“This isn’t just base effect-driven, it’s pretty remarkable resilience in terms of underlying inflation pressures,” he said.

The bank now expects Canada‘s economy will grow 6.5% in 2021, up from its January forecast of 4.0%, with real GDP growth of 3.7% in 2022, down from a previous forecast of 4.8%.

After the Bank of Canada announcement, the Canadian dollar strengthened 0.9% to 1.2499 to the greenback, or 80.01 U.S. cents, its biggest gain since last June.

 

(Reporting by Steve Scherer; Editing by Paul Simao and Alistair Bell)

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