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Wednesday, 5 September 2012

2012.09.05 13:08:32 U.S. mortgage applications fell last week on lower refinancing - MBA

Quotes from Societe Generale Cross Asset Research:

-The Bank of Canada is not expected to change its key overnight target
rate today, and instead is likely to reiterate that a tightening in
monetary policy may soon become appropriate, consistent with achieving
the 2% inflation target over the medium term.

-The situation in the eurozone will overshadow the policy decision,
and it can therefore be concluded that until the fog lifts, the
central bank may not be rushed to sanction the first hike since
September 2010.

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