The Bank of Canada explicitly stated that it has concerns about disinflation — the slowing of the rate of inflation — and the strength of the Canadian dollar suppressing exports. Canada is the United States’ largest trading partner. The Bank of Canada did not issue a cut to their main interest rate, which remains at 1.0%, but they did confirm that the rate could be adjusted up or down in response to future economic data. It dropped to a four-year low of Canadian $1.1039 to the U.S. dollar immediately afterwards before recovering somewhat.
Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:
Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.
Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services: