Migration at 20-year high
"...it’s an expression of a labour market that’s healing after a pretty severe recession,”
Bank of Canada urged to cut inflation target further
Should the Bank of Canada tinker with success?
· TSX -55.55 to 13,410.21 as oil and bullion posted steep declines.
· DOW +4.39 to 11,989.83
· Dollar +.21c to 100.68c USD despite sharply lower oil prices as the greenback lost ground against the Euro and Pound but gained against the yen after credit ratings agency Standard & Poor’s downgraded its view of Japan ’s debt from AA to AA-
· Oil -$1.69 to $85.64 USD per barrel
· Gold -$14.60 to $1318.40 per ounce
· Canadian 5 yr bond yields markets -.04bps to 2.52. The spread (based on the NEW MERIX 5 yr rate published rate of 3.99%) is now centred in the comfort zone at 1.47.
(courtesy of Barb Morgan, DBD Ontario Southwest)
