Bank of Canada Governor Mark Carney says he agrees with the IMF that the US is breaking out of the group of crisis economies.
Smart man, that Carney. It’s too early to claim victory today but if the S&P 500 goes positive it could set up a nice rally in risk trades.
Update:
Carney is warning on housing, saying valuations are quite firm and ‘very firm’ in some markets but that things are moving in the right direction and it could take a few years.
USD/CAD has been edging lower in the last hour but it’s more due to improved risk appetite than Carney.
