Excerpt from: Spot Forex
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| November 21, 2008 | | Spread betting and contracts for differences on interest rates | Spread bets and CFDs on Canadian rates should consider that the Bank of Canada may cut them soon. The Canadian economy has help up remarkably well, considering, buoyed by oil prices.
Now, however, oil prices are dropping and economic indicators are telling a new story. The Canadian CPI has come in, and inflation has slowed. This means that in order to stop deflation and boost the economy, the Bank of Canada may need to cut interest rates.
Other central banks are already mulling interest rate cuts -- even though many of them recently made rather large cuts recently.
| Topic Tags: Bank of Canada, Canadian CPI, CFDs, contracts for differences, economy, interest rates, spread bets, spread bets Canadian rates, spread betting, spread betting interest rates | |
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