BOC Governor Macklem stated that there is no necessity to delay interest rate cuts until inflation returns to 2%, but it is crucial to wait until there is a clear indication that we are progressing toward achieving that 2% target.
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Maybe this will spur a Loonie carry trade!
You would have to be a loony not to dump the loonie. It's ok though because Trudeau said he "has always been fiscally responsible" and if supreme leader Trudeau says it, it must be accurate.
Would be short-lived
Thanks Tom. Tiff is on the case. They will fix everything this time. Just trust them.
I am a strong believer!