A Few Thoughts on Canada
marctomarket.com / by Marc Chandler / Oct 17, 2016
The Bank of Canada meets Wednesday. Last month officials acknowledged that growth could be somewhat lower than previously anticipated. Those fears have likely materialized, and the central bank may shave its growth forecasts for this year and next. This means that it will take Canada longer to close its output gap. It not only pushes out the first hike, but it leaves the door ajar for further easing if the economy falters further.
Canada’s overnight lending rate remains at 0.50%, where it has been since July 2015. During the Great Financial Crisis, the overnight rate had fallen to 0.25%. While the Canadian economy may need additional stimulus next year, many economists are divided how it will be delivered. Some see the possibility of a rate cut, while others expect more fiscal support.
Canada reported its August international securities transactions earlier today. Foreign investors bought a third more Canadian securities in August over July, raising their net purchases to C$12.743 bln (from C$9.1 bln in July). Foreign investors showed a strong preference for Canadian bonds; scooping up C$9 bln, mostly in the secondary market. Corporate bonds, which include government business enterprise bonds accounted for two-thirds foreign purchases. About C$1.7 bln of provincial debt was bought. These were mostly new issues denominated in foreign currencies.
The post A Few Thoughts on Canada appeared first on Silver For The People.
Source: http://silveristhenew.com/2016/10/17/a-few-thoughts-on-canada/
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I was told to get out of Canada and don’t come back when I was delivering in Brampton Ontario from Maryland just because I wasn’t Canadian . I heard people say steal whatever you can from America. And Canada freight is for Canadian truck’s, I seen Canadian truckers threaten the shipping and receiving office because an American trucker was delivering or picking up a load there. I heard 2 US Trucks were hijacked around Toronto Ontario airport. . Canadian cash registers would do the currency exchange rate at the husky truck stop Dixie road exit just north of 401 around the west side of Toronto Ontario airport,other business es wouldn’t do buisness or give me an exchange rate because I didn’t use Canadian money