Monday, July 20, 2009

Scotia Capital: in anticipation of a report on monetary policy the Bank of Canada

This week, Bank of Canada publishes a report on monetary policy. According to analysts of Scotia Capital, will be very interesting to see whether there is a report that someone on the course the Canadian dollar against the U.S. currency. The bank believes that there is some chance of verbal intervention by the Bank of Canada, given that the pace of strengthening the national currency in the last week have grown. How to think in Scotia Capital, the leadership of the Bank of Canada should be a matter of concern not only the level to which it can strengthen the Canadian dollar, but also the speed with which this strengthening occurs. The pair dollar / Canada is currently at 1.1074.

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