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Canadian stocks higher, loonie lower as Poloz dials back hawkishness

Published 09/27/2017, 11:55 AM
© Reuters.  Canadian stocks higher, loonie lower as Poloz dials back hawkishness
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  • It's been a steady stream of hawkish talk from the Bank of Canada over the past several weeks, including an unexpected rate hike earlier this month.
  • Governor Stephen Poloz dials that down a bit this morning, telling an audience there's no predetermined path for rates.
  • Poloz: "Monetary policy will be particularly data dependent in these circumstances and, as always, we could still be surprised in either direction."
  • The TSX has moved to a session high, up 0.3%, and the loonie to a session low, down 0.6% vs. the greenback.
  • ETFs: EWC, FXC, CNDA, EWCS, QCAN, FCAN, HEWC
  • Now read: The Digital Commentary On Today's Society

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