Archive for February, 2007
Economic Forecast Slashed Again
Thursday, February 22nd, 2007Forecasting the economic picture in Canada is starting to look as easy as forecasting the national weather. David Dodge once again defended the Bank of Canada’s “lack of movement” on interest rates for the 5th consecutive time, and proceeded to cut its estimates on Canadian economic growth.
The weak Loonie seemed to matter little as oil […]
BABY IT’S COLD OUTSIDE!
Wednesday, February 14th, 2007One thing that might impact the U.S. Fed and The Bank of Canada’s hold on interest rates may be a cold pressure system swooping down from Northern Canada. Increased energy consumption and rising energy costs may affect inflationary pressures enough to release their grip and have an impact on rates…but not yet.
What some have coined […]
