BOC Governor Carney repeats that he plans to keep rates on hold at 0.25% until at least the end of Q2, a vow he has stuck with for nearly a year, If I’m not mistaken.
7 Responses to “BOC’s Carney: To keep rate steady until at least end of June”
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AUTOREFRESH 
I bet u a Forex Live Tee Shirt that he will raise rates in April
That’s a tough short to cover
You’re on. They hike in April, you get a T-Shirt…
They aren’t raising until the US raises. If the loonie goes to parity it’d decimate Canadian exporters. And then if alternative energy really caught on, then they’d be up the creek, in an igloo, cold as hell, without a paddle
Nah they wouldn’t … not with one or three of these
http://uk.reuters.com/article/idUKTRE6282OI20100309
Anyone got any idea where the USD/JPY is headed for the short-term?
Carney should just peg the loonie to the greenback at 1.10, its ppp fair value. It’s overvalued at 1.02 and parity would hurt their exporters. Blame it on the global financial crisis and the exceptional measures that other CBs are taking. They should do it for five years and take away the currency risk for the exporters.