Monday, June 16, 2014

Money could flow from Canada to US

If the Fed starts to raise rates some time next year, and the Bank of Canada waits for a few months, if not quarters, then money is going to flow out of Canada into the U.S. and that is going to weaken the currency.

 Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

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