Quote:
Originally Posted by automaton 3
^^^^Your link says March 2007 - the outlook has changed since the Bank's latest update last week.
http://money.canoe.ca/News/Economy/2...125922-cp.html
http://www.ctv.ca/servlet/ArticleNew...hub=TopStories
http://www.bloomberg.com/apps/news?p...B4w&refer=home
``The Bank is sending a point-blank warning,'' about raising interest rates, said Doug Porter, an economist with BMO Capital Markets in Toronto. He predicts two quarter-point moves at the next meetings, in July and September.
Record prices for energy and metals exports have driven home prices up, left companies struggling to meet demand, and sent the currency soaring. Governor David Dodge has kept rates unchanged for the longest stretch since 1973 because the dollar's strength has hurt factory exports. Still, inflation and economic growth have risen faster than policy makers estimated in their April forecast.
Eleven of 16 economists surveyed by Bloomberg News today predict the bank will raise rates at its next meeting, compared with a survey last week in which two of 19 forecast a July increase. |
fair dues to you. no disagreeing. what i'm choked about was that i got that from a brand new link! "brand new press release" my buttocks.
apologies for not having up to date info. but i'm choked at the site.