- But the overall trend is largely positive
- He’s expecting sustained Canadian business investment
Carney recently urged companies to put cash to work or return it to shareholders. There was some blow-back but he said today that he stands by his comments.
Given those comments, it’s not hard to see why the Canadian dollar is at a one-year high. I spoke to Reuters yesterday about CAD.
“The market is pricing in a stronger jobs report than we were a day ago. That can be a dangerous trade because U.S. job numbers are often very volatile and unpredictable,” Button cautioned.
