Canada yields rise after Bank of Canada decision, Rosenberg says
David Rosenberg of Rosenberg Research said traders overlooked dovish passages in the Bank of Canada policy decision. He pointed to signals indicating no imminent change in the policy rate as Canada yields moved higher.
Traders ignored some key passages from the Bank of Canada's policy decision that signal no imminent change in the policy rate, says David Rosenberg, economist and head of Rosenberg Research.
Canada yields moved higher following the decision due to Governor Tiff Macklem's heightened concern about in…