Investors have become more convinced the Bank of Canada will stop raising interest rates at next week’s meeting than at any time since it last boosted borrowing costs on Sept. 8. Following declines in jobs and housing starts, the yield on the December bankers’ acceptance contract, the most actively traded contract, fell to 1.305 percent on Oct. 8 from 1.310 percent. It’s the lowest since Sept. 7, the day before the Bank of Canada raised its key rate to 1 percent from 0.75 percent.
Source: Bloomberg
By Greg Quinn - Oct 12, 2010 12:00 AM ET
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