May 30, 2007
Canadian dollar leaps, bonds fall on rate outlook
“It was a real jaw-dropper of a day. I think the market was expecting hawkish report from the Bank of Canada, but they really let it out”
The Canadian dollar charged to a new 29-1/2 year high on Tuesday, while bonds sank, as the Bank of Canada left interest rates unchanged but signaled it could raise rates in the near future. via Globeinvestor.com
Original post by Globeinvestor.com
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