July 6, 2007

Solid job creation report sends stocks up;C$ surges ahead of BoC rate annct

“Canada’s tight jobs market will keep the upside risk to the inflation outlook intact and provides another reason for policy-makers to raise the overnight rate to 4.5 per cent next week.”

Stock markets closed higher Friday after investors ignored rising bond yields resulting from a strong U.S. employment report for June while a strong report on Canadian job creation last month sent the dollar … via Sympatico Finance

Original post by Sympatico Finance

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