Currency Devaluation Datapoint of the Day


Fox reads research from Merrill’s David Rosenberg:

While the loonie plummeted against the dollar between 1992 to 2002, Rosenberg

says, inflation in Canada declined from 4.5% to 1.3%, the short term interest

rate set by the Bank of Canada dropped from 7% to 3%, and ten-year bond yields

dropped from 8% to 5%.

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