2011 Forecast

CFA dinner coming up Thursday.
Do you have any insight into the coming year.

By all accounts our financial house is in order
Interest rates to remain low – no increase today
Mfg up
Exports net plus
Automotive sector on rebound
Commodities strong

What do you forecast?

I see Mark Carney didn't raise rates today. The Bank of Canada said the global recovery is “proceeding at a somewhat faster pace” than policy makers had anticipated last fall, though “risks remain elevated.”

I will give you the Scotia Capital Economic Forecast:

BOC Overnight Rate 1% currently 1.5%
90 day t-bill rate 1.05 currently 1.05%
10year Canada 3.5% currently 3.12%
Canadian dollar 1.04 currently par

My prediction for the:

Dow break 12,500 currently 11,852 up 6%
TSX breaks 14,500 currently 13,500 up 7.5%