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Going lower

It is Fed decision day and Bernanke's job has been made easier by the unprecedented( a common word these days) drop in US CPI.

 He has not run out of bullets yet and the interest rate tool is not all that effective anyway as witness 3 month bills already trading near zero.
 Canada's housing market has lost its resiliency and prices are now falling in every province. 
The BMO issuing equity has to be good overall as all of our chartered banks have bolstered their Tier 1 capital ratios.



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