<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by taupo:
Youponder.
I am in neither the manufacturing, nor exporting business. I only know what I read. I sympathise with you, SH, Cattle and co who have your livelihoods or a part of, at stake.
You echoed my sentiments on Dodge and his triggerhappiness. I think he has gotten over this now, therefore will not lower rates October 15th, wager anyone? A brew in YYZ, YYC, YVR or YYF.</font>
I say he will lower rates next week. He keeps on counting on the US economic rebound which hasn't quite happened yet. As well, inflation is just going down so there's no reason to raise and the only side affect of doing nothing is that the dollar will continue to rise. He wants a relatively high dollar but recognizes that its ascent was way too quick. Although we have to watch his comments witht he decision which often have more impact then what actually happens.
Therefore he will cut. I'll take you up on a brew at any US airport = cheaper in US funds.