Monday, September 04, 2006
Place Your Wagers
Interest rates set to fall in Canada ? Will they or won't they?
investors bet slowing growth will keep the Bank of Canada from raising borrowing costs again this year. ``Increasingly the market is sensing that the Bank of Canada will actually have to come off the sidelines and begin cutting rates,'' said Jeffrey Rubin, chief economist at CIBC World Markets Inc. in Toronto. Canada's central bank next meets to set rates on Sept. 6. The rate is the highest since August 2001, and 1 percentage point less than the Federal Reserve's target for the overnight lending rate between banks. Canadian Bonds Gain as Two-Year Yield Falls Below 4 Percent
Also See: Bank of Canada
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