
Markets Expecting a Bank of Canada “Micro” Interest Rate Cut
The Bank of Canada is set to make its next move in the ongoing currency war with a micro cut down to 0.10% next week. This was expected by us. Central Banks are attempting to weaken their currencies to boost inflation, and in some cases, boost exports. A cheaper currency also allows all the debt, and government debt, to be paid back in cheaper currencies. We have been calling this, and why the way to play this is to be in hard assets/commodities and even cryptocurrencies.