And Muslims.....
Posted on 10/31/2017 7:05:23 AM PDT by SeekAndFind
The Canadian dollar, or loonie, is trading at its lowest level since early July, down 0.46% at 1.2893 per US dollar, after Canada's GDP unexpectedly shrank in August.
Tuesday's GDP report showed the Canadian economy contracted 0.1% month-over-month, making for its first negative print in a year. Wall Street economists were expecting 0.1% MoM growth. Additionally, the economy grew at a 3.5% year-over-year clip, missing the 3.6% growth economists were anticipating.
The loonie has been under pressure, falling about 7%, since shortly after the Bank of Canada surprised markets with a rate hike at its September meeting. At the time, the BOC said, "Recent economic data have been stronger than expected, supporting the Bank's view that growth in Canada is becoming more broad-based and self-sustaining."
As for where the Canadian dollar goes from here, Bank of America Merrill Lynch's John Shin says he's looking for 1.30 per dollar at year-end and three rate hikes in 2018.
"To the extent that rates have been driving the currency, we note that although our Canada Economics team ultimately looks for 3 rate hikes in 2018 out of the BOC, our US Economics team looks for a matching 3 rate hikes out of the Federal Reserve," Shin wrote.
(Excerpt) Read more at markets.businessinsider.com ...
Trudeau.....................
Good time to hit the Canadian Ballet with your american dollars!
When you have children running the nursery, the result is often negative.
The Tradeau affect?
Perhaps next time they can elect a guy for prime minister
Trudeau got elected and did nothing but drool over First Nations and Global Warming
Unexpected, eh?
RE: Trudeau got elected and did nothing [Snip]
That would have been a good thing.
That’s it. I’m going shopping in Vancouver. And not the Vancouver on the border with Oregon.
Lol Canada obamalite
Heh! While I’ve never been, my cousins were fans of the Windsor Ballet 30 years ago.
Elect a hardcore idiot socialist pretty boy, GDP falls, and it’s UNEXPECTED!
Morons.
I understand that the Windsor Ballet is the finest troupe in the Great White North.
This is what happens when girly men get elected. Our economy sucked rocks under bammy, and Canadistan’s is sucking.
Their coins are made of aluminum. Ever handle one and drop one on a table. It makes a noise of a pop can : )
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