The interest rate side is probably giving the Canadian dollar some support against other currencies.
More Quotes from George Davis:
We catch a lot of flak, ... They give us a lot of ribbing over that. I just say, 'I'm just the low man on the totem pole.' I don't feel responsible. I don't know if we would have stayed if we would have avoided that or not.George Davis
We saw a lot of stoploss orders against the euro get hit today, and as well we saw some profit-taking on long Canada positions against pretty much everything, from sterling, yen, Swiss, to the Australian dollar.
George Davis
It introduces a little more uncertainty into the marketplace in the sense that most people were expecting some sort of action by the end of December at the latest.
George Davis
We're beginning to see people move out of Singer. Some of the people are starting to get placed in longer-term housing in the community, which is really our focus now.
George Davis
That seemed to change the texture of the market, given that the accompanying statement from the bank was a little bit more on the hawkish side of expectations,
George Davis
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