Monday, November 26, 2007

A Prediction...

Bob and Ted's Forex Blog gives their prediction of where the Bank of Canada will go:

In any event, aside from the risks posed by a strong Canadian dollar, recent domestic data in Canada points to an economy which is slowing, an inflation risk which is slowing and increasing external risk from growing uncertainty in the US and global economies. Why wait? Forecast: Bank of Canada to cut the key interest rate from 4.5% to 4.25% on December 4


--There you have it, I also think this would probably be the best move for the bank of Canada. Check out the full version of the post, it contains a very good summary of what the Canadian economy is up to.

1 comment:

yukie said...

How right they were...