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Stock impact report

Posthaste: What the Bank of Canada's second jumbo rate cut means for the Canadian dollar [Yahoo! Finance Canada]

Bank Nova Scotia Halifax Pfd 3 Ordinary Shares (BNS) 
Last bank nova scotia halifax pfd 3 ordinary shares earnings: 2/25 05:30 am Check Earnings Report
In the immediate aftermath of the widely expected cut, the Canadian dollar firmed up by about a half of a U.S. cent, on the reasoning that it looks like the Bank of Canada could take a slower approach to future rate cuts and might even make some previously unexpected pauses. “Bad news is, to a significant degree, already priced into the exchange rate, and traders have been bracing for a widening in the gap between U.S. policy rates and their Canadian equivalents for months,” Karl Schamotta, chief market strategist at Corpay Currency Research, said in a note following the Bank of Canada's decision to slice its borrowing rate to 3.25 per cent from 3.75 per cent. Economist David Rosenberg also weighed in. “The loonie seems to think the (Bank of Canada) may pause as it has rallied in the aftermath of the move,” the founder of Rosenberg Research & Associates Inc. said in a note on Wednesday. Derek Holt, vice-president and head of capital markets economics at the Bank of Nova Scoti Show less Read more
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