The Bank of Canada has vowed to keep rates steady until mid-2010. Don’t look now but we’re only a page or to away on the calendar…
Inflation concerns will prompt the Bank of Canada to bring rate hikes forwards, says a New York think tank.
To my mind, a strong Loonie could give the BOC room to hold rates steady so long as inflation does not begin to zoom.
The greenback fell as low as the 0.9962 level earlier in the day and now trades at 0.9989.
