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Prev feared downside risks for the US and Europe are materializing pushing down growth and inflation prospects for this year and next in Canada. The output gap is expected to close with inflation reaching its @% target at the end of 2013.
CAD selling off ~ 35 pips. From the chart, the sell-off looks like it started before the official release time of 9:00. Time to call in the mounties?
Prev feared downside risks for the US and Europe are materializing pushing down growth and inflation prospects for this year and next in Canada. The output gap is expected to close with inflation reaching its @% target at the end of 2013.
ReplyDeleteCAD selling off ~ 35 pips. From the chart, the sell-off looks like it started before the official release time of 9:00.
ReplyDeleteTime to call in the mounties?