At the auction on Wednesday, the dollar / loonie has fallen somewhat in the general weakening of U.S. currency, as well as Bank of Canada comments that, in the second half of this year, growth should resume in the country. Speculators have interpreted this statement as a refusal of the Central Bank of the intention to lower rates in the foreseeable future. "Of course, the situation in Europe and a slow recovery in the U.S. do not allow the Bank of Canada to immediately begin to tighten monetary policy", - said Sean Osborne, chief currency strategist at TD Securities in Toronto. - "According to the Central Bank need to raise interest rates fell, but not disappeared." Note that Andrew Tilton, an economist at Goldman Sachs in New York, continues to expect the Bank of Canada rate cuts to 0.5% this year and keep it unchanged for 2012.
