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(MIKE BOWERS/REUTERS)

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Central bank plays a different hand Down Under

With Australia’s central bank deciding last week to throw in the towel and cut interest rates, can the Bank of Canada be far behind in tomorrow's interest rate announcement?

Sure it can.

There’s a temptation to lump Canada and Australia together in the same economic bin. Both are mid-sized, export-oriented economies that have a high exposure to commodity markets and are highly sensitive to the global economic cycle.