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

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

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