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The Bank of Canada leaves its benchmark rate unchanged at 1%, but has a hawkish message. "In...

The Bank of Canada leaves its benchmark rate unchanged at 1%, but has a hawkish message. "In light of the reduced slack in the economy and firmer underlying inflation, some modest withdrawal of the present considerable monetary policy stimulus may become appropriate." The loonie is flying, +0.8% to $1.0085.
Comments (3)
  • I'm moving to Canada
    17 Apr 2012, 11:40 AM Reply Like
  • I expect more easing after the election no matter who wins in the US. This is what this election is all about. Who will get the free money spoils from the Federal Reserve. Expect Canada's currency to keep rising as the US runs massive deficits and exports inflation around the globe.
    17 Apr 2012, 12:07 PM Reply Like
  • Just to make sure I understand what you're saying, how would you map each of the possible electoral outcomes to a set of recipients of free money? It seems odd that you would say that, because it seems to me that it doesn't make any difference. If the Republican party scores a general victory, I would expect that bankers and defense contractors would end up with most of the money. If the Democratic party scores a general victory, I would expect government employee unions and tax lawyers to end up with most of the money. Since none of those groups includes me, I fail to understand why I should care about the elections. Please enlighten me.
    17 Apr 2012, 03:22 PM Reply Like
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