Bank Of Canada Rate Decision, Markets Continue To Make New Highs, Higher Open

Bank Of Canada Rate Decision, Markets Continue To Make New Highs, Higher Open

Bank Of Canada Rate Decision – Today

Futures are mixed this morning following modest gains in markets overseas and bonds that have halted the selling for the morning.

With it being a Bank of Canada rate decision day, we will be watching the loonie closely.  While it had a strong day yesterday, this morning trading is quiet.  We are still a ways off the lows from January, we would highlight that the yield spread between US and Canadian 2 year bonds is back on the rise – one of our key indicators for the exchange rate.

As...