Archive for September 7th, 2011

Central Bank Watch

Canadian Monetary Policy on Hold

September 7, 2011

The Bank of Canada left its overnight money target at 1.0%.  That level, as well as a 1.25% Bank Rate and a 0.75% deposit rate, have been maintained for a year, following hikes of 25 basis points implemented in June, July, and September 2010.  Today‚Äôs statement from officials said that several downside risk possibilities identified […] More

New Overnight Developments Abroad - Daily Update

Better Market Tone

September 7, 2011

The Swiss franc remains weaker than 1.20 per euro at 1.2067. The dollar is generally softer especially versus commodity-sensitive currencies. Gold dropped 2.4% to $1828.7.  Oil rose 1.2% to $87.26. Ten-year bund and gilt yields are five basis points higher. Equities recovered 2.0% in Japan, 2.1% in China, 2.2% in Taiwan, 2.9% in Indonesia, and […] More