We've moved We have moved Trading Desk to a new home with better features and a new design! You can visit it directly, or subscribe to the RSS or Atom feeds You can also visit our brand new home pages, www.nationalpost.com and www.financialpost.com New blog address: http://network.nationalpost.com/np/blogs/tradingdesk/default.aspx RSS: http://network.nationalpost.com/np/blogs/tradingdesk/rss.aspx ATOM: http://network.nationalpost.com/np/blogs/tradingdesk/atom.aspx

Visit Trading Desk

Merill Lynch considers changing its call for further rate cuts following rise in terms of trade

Posted on May 15, 2008

Merrill Lynch is reconsidering its call for more Bank of Canada rate cuts in the coming months following a change in what is driving the country s terms of trade.David Wolf, economist at Merrill Lynch, said the terms of trade - which rise when export prices do better than import prices - have been climbing for a while on the back of higher commodity prices and the strength of the Canadian dollar. He said the growth has come from largely stable net export prices compared with falling import prices. But the latest terms of trade improvement does look different in an important way, posing ris...

Original article link


bank of canada , canada , canadian , canadian dollar , interest rates