Mish's Global Economic Trend Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mish's Global Economic Trend Analysis

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Crimson Ghost who wrote (33536)	7/12/2005 10:59:51 AM
From: mishedlo	Read Replies (1) of 116555

Bank of Canada holds benchmark interest rate at 2.5% Tuesday, July 12, 2005 1:25:32 PM afxpress.com CHICAGO (AFX) -- The Bank of Canada left its key lending rate at 2.5% Tuesday, as was widely expected. The BOC has held the target for the overnight rate unchanged since October 2004, but signaled in its post-meeting statement a change is likely in coming months "In line with the bank's outlook, some reduction in the amount of monetary stimulus will be required in the near term to keep aggregate demand and supply in balance and inflation on target," the statement said. "The risks to the outlook through 2006 appear balanced, but over the medium term risks related to global imbalances are increasing." Currency analysts are looking for a rate hike in September or October. The U.S. dollar traded at a three-month low against its Canadian counterpart Tuesday. One U.S. dollar would buy C1.2035, a drop of 0.6% from late trading on Monday

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next