Closing Market Recap: Soft GDP Figures Increase Hopes of Bank of Canada Rate Cut
30 Agustus 2008 4:04
(CEP News) - Investors made a late push to price in a Bank of Canada rate cut after softer-than-expected GDP figures on Friday, sparking a bond market rally and a Canadian dollar sell-off. In the U.S., equities sold off after an unexpected decline in U.S. incomes. Hurricane Gustav kept energy traders on their toes in a volatile trading session that left prices little changed.
Saturday, August 30, 2008
Closing Market Recap: Soft GDP Figures Increase Hopes of Bank of Canada Rate Cut
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