MENAFN Wednesday 24th October, 2012
The Bank of Canada held its key rate on hold at 1.00% today, as expected, but the real excitement came along with the release of the policy statement: an interest rate hike may be in the cards in the near-future. The BoC noted that "Over time, some modest withdrawal of monetary policy stimulus will likely be required." This comes as a surprise ? hence the big move in the Canadian Dollar after the policy statement was released ? consid...
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Source: http://www.canadastandard.com/index.php/sid/210287262/scat/71df8d33cd2a30df
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