Go to the Globe and Mail homepage

Jump to main navigationJump to main content

AdChoices

Top Links: Canadians should do some U.S. dollar shopping this week Add to ...

Subscribers Only

A roundup of what The Globe and Mail’s market strategist Scott Barlow is reading this morning on the Web

HSBC economist David Watt predicted a Bank of Canada rate cut next week during an appearance on BNN yesterday. If this is true, the Canadian dollar is likely to take a major beating in the aftermath. U.S. bond yields have been climbing and the yield differential between domestic and U.S. two year bond yields have been driving the value of the dollar. A rate cut would widen the yield disparity quickly, and would likely send the loonie tumbling lower.

Report Typo/Error

Follow on Twitter: @SBarlow_ROB

Next story

loading

In the know

The Globe Recommends

loading

Most popular videos »

Highlights

More from The Globe and Mail

Most popular