Longworth on the Canadian economy

In the speech 'The Canadian economy and financial markets in perspective' given on 8 November David Longworth of the Bank of Canada said that hedge funds had a largely positive impact on the efficiency of financial markets.

Longworth said it was too early to determine whether the recent decline in financial market volatility signalled a trend or was cyclical.

"What is still unclear is whether we will see further declines in the volatility of rates on long-term bonds and of equity prices as

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