Quote:
Originally Posted by powderjunkie
I doubt there are more than a dozen people in the entire country who now claim they were misdirected by those infamous BOC statements actually read them and let them inform their decision making.
Anyone who was tuned into those statements would have been tuned in to the changing market conditions and subsequent statements and reacted accordingly.
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I think just like in this case lots of people read/watched commentary on their statements and tried to use it to make decisions.
And just like in that previous case the BoC statements should be taken with a big grain of salt. Rates will be high until they decide they need to lower them. Everything else is just talk and you are almost certainly better off ignoring it.