Wednesday, August 21, 2013

Canadian finance minister affirms 2015 balanced budget target (ForexLive)

Canadian finance minister Jim “Lil’ Jimmy” Flaherty is on the wires:


  • Watching housing market closely but no present plans to intervene further

  • Canada is not a fan of quantitative easing

  • QE likely to come up again at next G20 meeting

  • Data showing recent bond sales by foreigners likely due to weaker CAD


The QE critics are really coming out of the woodwork. That’s a trend I expect to continue (maybe for a generation).









Originally Published on FX Times



by InformedTrades via InformedTrades

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