Dow sheds 41 points
he’s not trying to lower loonie
Interest rate returning to 1% in January
Even lower rates are possible, economist says
Tapering would hit the Canadian economy harder than the U.S. economy
Scotia Economics expects the Bank of Canada to leave rates on hold throughout all of 2013-2015
Scotia Economics examines the economic fallout of the Fed’s attempt to provide forward rate guidance
A long nomination process would breed uncertainty, says BCA Research
Interest rate likely to remain at 1% well into 2014
Craig Fehr, Canadian market strategist for Edward Jones, discusses the U.S. Federal Reserve’s QE reduction policy in the near-term future. Fehr predicts a gradual pace to reduction, with the Fed working in tandem with economic growth, and suggests investors position portfolios for short-term elevated volatility and long-term higher interest rates and growth. He spoke at the TMX Broadcast Center in Toronto.