Targeting the Canadian Dollar Today

Key News

• China Inflation, Production Accelerate, Adding Pressure for Stimulus Exit (Bloomberg)
• Greece Paralyzed by Strikes as Unions Protest Against Plan to Cut Deficit (Bloomberg)
• LONDON, March 11 (Reuters) - Britons' expectations for inflation over the next 12 months rose slightly to 2.5 percent in February from 2.4 percent in November, a quarterly survey from the Bank of England showed on Thursday.
• ZURICH, March 11 (Reuters) - The Swiss National Bank will likely leave interest rates ultra-low and stick with its threat of intervention at a policy review on Thursday, as it tries to balance optimism over growth with risks from a strong currency.

The central bank is expected to raise its growth forecast for the Alpine economy -- currently at 0.5 to 1.0 percent -- after a series of upbeat economic news and may also warn against rising risks of inflation in the medium-term.

All 45 economists in a Reuters poll said the SNB would leave its target for the three-month LIBOR unchanged at 0.25 percent and all 34 who answered the question expect it to continue to fight an excessive appreciation of the franc against the euro via interventions.

Quotable - Sums up European Government Propaganda on Greece (PIGS) Crisis

“Many men go fishing all of their lives without knowing that it is not fish they are after.”

Henry David Thoreau