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Large loan from Newfoundland and Labrador government in 2014 helped save Kruger's struggling newsprint mill in Corner Brook, but company has not made a payment for years as interest accumulates; C$117M debt now greater than original C$110M loan issued

Deutsche Bank: Central banks globally have hiked interest rates in last 18 months to tame inflation, but more are cutting rates now than hiking them; however, a big global easing cycle may not occur unless US enters a recession

Commentary: Canada is experiencing even more severe housing crisis than US and almost certainly heading for recession, which will exacerbate affordability crisis; rising interest rates, investor speculation have contributed to unaffordability crisis

Barclays no longer expects Fed to hike interest rates in January 2024, predicts rates to hold until December 2024; Fed could start trimming rates by 25 basis points every other meeting after end-2024, bringing target range to 4.00%-4.25% by end-2025

BofA 2024 outlook predicts soft economic landing, disinflation and rising stock markets, with rate cuts to start in mid-2024 in US and Europe; other predictions include Brent crude averaging US$90, peaking US dollar as positive for emerging markets

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