A Wink is as Good as a Nod
If Canadian bond investors were looking for a cue to get back into the market after the protracted sell-off since last summer they may have got it this week as the Bank of Canada hinted at a continued pause in rate hikes. The announcement to hold the official overnight target at 1.25% marks the second meeting in a row of Mr. Poloz standing pat. That’s the same length of time we saw after last October’s increase, so who knows? Read More…