Bank of Canada is out of touch, "didn't grasp the challenges facing the Canadian economy"

[forex4you]

Bank of Canada is out of touch, "didn't grasp the challenges facing the Canadian economy"

Adam was interviewed by Reuters on Thursday, not happy with the Bank of Canada:

• "The Bank of Canada cut 50 basis points but it didn't grasp the challenges facing the Canadian economy,"
• 
  
  "The market might be looking further out and saying, 'this isn't enough. Rates are still too high for where the economy is now.'"

Check out the link for more:

• Canadian dollar lags G10 peers as investors eye more rate cuts

---

The next BoC meeting is December 11 - another 50 then?

                This article was written by Eamonn Sheridan at www.forexlive.com.

Source: Bank of Canada is out of touch, "didn't grasp the challenges facing the Canadian economy"

forexlive.com