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Travelling

I am travelling west all this coming week. While I am taking my laptop, I am not sure how timely my updates will be. I will add blog entries and the Daily Snapshot whenever I can. In the meantime, keep an eye on the TEd Spread. It looks as if 3 month LIBOR may fall below 4%.

Also, the Bank of Canada's next rate decision will come on Tuesday morning and I expect the Bank rate to be lowered by a full 50 basis points with considerable pressure on the banks to lower their prime rates as well.



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