Any More Doubts That Bank of Canada Wants a Cheap Loonie?

This week’s Bank of Canada meeting was supposed to be a rather boring affair, with no change in rates predicted and Bank officials possibly more joyful about the latest employment stats. Instead, the accompanying policy statement talked of more challenges to housing and exports.  The shift in language wasn’t a big deal, but the words that uttered by Governor Poloz’s mouth in the Q&A cemented a course for a weaker Canadian dollar. Read More…

While there has been increased speculation that the Federal Reserve will indeed raise rates in December, this morning’s policy statement from the Bank of Canada offers no such clues. Read More…