The Bank of Canada earns high grades for its recent cut in the policy rate, according to the CEOs and business leaders on the COMPAS business panel. Looking to January, 2009, panelists expect another small cut to the policy rate - down to 2%. By January, the loonie is expected to edge up slightly to U.S. 81 cents, possibly in the wake of increased winter-demand for petroleum exports.

These are the key findings from this past week’s Internet survey of CEOs and business leaders on the COMPAS panel. The weekly business survey is undertaken for Canadian Business magazine under sponsorship of BDO Dunwoody LLP.