Hedge fund manager Kyle Bass — who is deep underwater in GM shares — was on CNBC earlier today talking his book. He said that at the Bank of Japan meeting on October 30 that Kuroda will have his “Draghi … Continue reading
Nelson Bunker Hunt died today at the age of 88. He was a prolific trader and businessman who became world famous when he tried to corner the silver market along with his brother. They began buying silver at $1.50 an … Continue reading
Just picking through the details of Poloz’s statement and while the BOC have cut back global growth forecasts the still have a positive outlook over the global outlook. The US economy is “gaining traction” and particularly in Canadian exports sectors, … Continue reading
The Globe & Mail has footage from inside Canadian Parliament during the shooting. The video was taken by Josh Wingrove, who’s an old friend of mine. The first shot sounds like it could be a shotgun blast and then it … Continue reading
The press conference was cancelled because of the shooting near the Bank of Canada: Good morning. Carolyn and I are pleased to be here with you today to discuss the October Monetary Policy Report (MPR), which the Bank published this … Continue reading
The bank will run updates as to what is going on over there.
Yesterday I outlined how the EURJPY has been able to remain below key MA levels ( SEE: Forex Technical Analysis: EURJPY below key MA levels). The price corrected higher in Asian trading but was able to remain below the 100 hour … Continue reading
BNN reports that the Bank of Canada could postpone its 11:15 am ET (1515 GMT) press conference following a shooting at the Canadian war memorial (click for live updates). The Bank of Canada is a block away from Parliament and … Continue reading
Corp bonds is one of the markets that are still an option to grow balance sheet Open questions remain on program There has been no discussion and no decision in the governing council ECB shouldn’t be too activist on monetary … Continue reading
The USDCAD moved higher before the interest rate statement on the back of weaker Canada Retail Sales and slightly higher US CPI. The move higher did push against the topside ceiling at the 1.1295. The statement from the BOC, sent … Continue reading
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