Meanwhile, north of the border… the Canadian jobless rate hit a 33-year low in May.
“Canada's economy seems to be near full capacity, so the Bank of Canada will likely be forced into raising interest rates again this year,” reported Chris Gaffney over at EverBank. Hmmm… so Canada is experiencing record “low” unemployment, record “high” consumer spending and is due for a rate hike. Looks like loonie-buck parity will be here sooner than we expected.
Let’s practice: $1 Canuck buck = $1 greenback. Crazytown.
“Canada's economy seems to be near full capacity, so the Bank of Canada will likely be forced into raising interest rates again this year,” reported Chris Gaffney over at EverBank. Hmmm… so Canada is experiencing record “low” unemployment, record “high” consumer spending and is due for a rate hike. Looks like loonie-buck parity will be here sooner than we expected.
Let’s practice: $1 Canuck buck = $1 greenback. Crazytown.
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