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That is the thing that is making me nervous
Is Canada trying to price themselves out of the resource market?
I hadn’t thought of that angle – the BoC wouldn’t be but perhaps the government would like that there?
Think Bank of Canada’s move was also driven in part by the desire to remove some of the stimulatory policy setting in Canada as a precaution against global turmoil.
[quote=”Blarney” post=1425]Think Bank of Canada’s move was also driven in part by the desire to remove some of the stimulatory policy setting in Canada as a precaution against global turmoil.[/quote]
Likely – something the Fed has been trying to do but they just cant hit their inflation target to justify it
Did you know: The Bank of Canada’s Governor, Stephen Poloz was the president and CEO of Export Development Canada.
Canada’s export credit agency and a State-owned enterprise wholly owned by the Government of Canada. Its mandate is to support and develop trade between Canada and other countries and Canada’s competitiveness in the international market-place.
Many, including myself assumed with the appointment of Poloz (2013) he would talk down the Canadian dollar to help with …..exports.
Feb 10, 2015 – “I honestly reject the notion that I’m talking down the dollar,” Mr. Poloz told reporters in Istanbul
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