BOC Hikes Rates; What’s Next for the Canada Dollar?
By Drew Shaw • Jul 21st, 2010 • Category: Book Reviews, Broker Commentary, Educational, Lind-Waldock In the News, Market Updatesby Drew Shaw
On July 20, the Bank of Canada raised its key short-term interest rate for the second month in a row by 25 basis points, to 0.75 percent. Hawkish policy should support gains in the Canadian dollar, and it’s worth considering bullish strategies using futures and options. However, parity with the U.S. dollar could [...]
