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The loonie makes a huge move higher as the Bank of Canada maintains its benchmark rate at 1%,...

  • Tuesday, October 23, 2012, 9:17 AM ET
    The loonie makes a huge move higher as the Bank of Canada maintains its benchmark rate at 1%, but - against all expectations - does not remove its tightening bias. "Over time, some modest withdrawal of monetary policy stimulus will likely be required." FXC +0.1% premarket after it had been tipped to open down more than 0.5%.
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This news story has 2 comments:

  •  
    Canada, the mighty mouse roaring against the slowing of the global economies: 'we are invincible!'. Wake from your dream, BOC, you are about to be spanked by delfation.
    23 Oct 2012, 09:34 AM Reply Like
  •  
    One of the few places in the world not artificially juicing the markets at the moment. It worked well in 2008 but we'll see how it plays out this time.
    23 Oct 2012, 10:58 AM Reply Like
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