While the Canadian dollar recent strength (up more than five per cent in the past month) has been attributed to expectations for higher interest rates, it was thought that much of the rally had already run its course.After all, the BoC carefully laid the groundwork for its first rate hike since 2010, telegraphing to the market that it planned to remove 50 bps of cuts made after oil prices plunged in 2015.But in contrast to pre decision remarks from governor Stephen Poloz and his deputies, the hike was not positioned as a reversal of one of those two rate cuts, according to Avery Shenfeld, chief economist at CIBC World Markets.Bank of Canada raises interest rate for first time in 7 years to 0.75%Top takeaways from Bank of Canada decision to hike ratesmarket seemed to interpret that as implying that the bank is planning on more than one further hike this year, Shenfeld said.The hawkish tone sent the Canadian dollar higher, as bond yields also spiked after the BoC statement was released. The loonie appreciated by about a full penny at one point, and the two year Canada bond yield jumped by six to seven basis points. Thursday, the Canadian dollar was up 0.07 US cents at 78.58.Shenfeld believes the BoC has left itself some breathing room in terms of the next rate hike.
She bought the first Mustang sold in 1964 when she was 22. Felt like a movie star at 22 when I bought the car. I mean, that was 54 years ago and we’re still talking about it. By 1999, Nike was running extensive training programs for its contractors’ factory managers. Although Nike’s various concessions and new programs were welcomed as a victory by several human rights groups, others argued that Nike still failed to deal with the biggest problem, namely wages. A main objection of critics was that FLA standards included notification of factories that were to be inspected, a move criticized by some as equivalent to notifying a restaurant when a critic is coming to dine.
There going to be a lot of great talent. Still Game for the kids around here, said Fairmont Heights coach George Wake, who will guide the Capital squad. You look at the other games, they may pick two or three from this area, but look at all the other basketball players left, they still have a game to play in.
Is going well, he said, noting that he has a variety of details on his plate. Stuff on the ice will take care of itself. Players recruited by Daniello and former assistant coach Chad Olson who parted ways with the club prior to the start of training camp four weeks ago come from around the globe.