and jeff rosenberg at blackrock.with you because this is like dÉjÀ vu, day in and day out, whenever we have you on. we've gotten one rate increase under our belt. >> yep. >> unbelievable, wasn't it? how many more this year? >> well, the fed has brought it down a lot. remember when they gave us the raise in december. they promised four. what we got last month was cutting the promise into two and the bond markets have barely won. so a lot of it depends on what we heard about last week and in the prior weeks, which is the global and international developments, what is the financial market conditions look like. so if you get some of this easing that we have seen and better stock markets and lower volatility they might be able to raise one probably in the june meeting. but raising rates when the rest of the world is cutting rates means a stronger dollar. if that results and we get a bigger move upward in the dollar you could be right back -- >> the dollar has been weak. this is a time when we could have been raising rates

alix: that was jeff rosenberg.almost a year, the canadian dollar bulls outnumber bears. oil stabilization in the move toward a diversified economy is driving that trend. they are betting the policy makers will see this growth is front of the this year's currency rally. alix: is this a signal the market has found a bottom? let's go to toronto. is it the bottom? >> we are looking at data from the cfpc and it's the first time that big investors and hedge funds are more net positive on canada since last may. it's a canadian kind of bull market oath close to zero. it's practically neutral but we will take it. it comes in the back of a strong rally in the canadian dollar, up by more than 7%. haveglobal economics driven that but for us, there have been good economic signals. we have seen a diversification of our economy specifically as routed in ourlly economy. we have seen a transfer away from that into export sales trade numbers in non-energy parts of the economy. this is a day ahead of our central bank giving their own

got blackrock us jeffrey rosenberg alongside david westin and vonnie quinn around the bloomberg go table. is that a wise thing to do to push it out and lock i low yields? jefft-rate a makes a lot of sense to lock in those low rates. you have seen that in other countries as well. i think when it comes to the issue of perspective that is certainly something that makes sense. for listeners this is about the investors perspective area doesn't make sense to move out .our portfolio in this case what we were talking about before, this downbeat message from the imf, the overall cutting of local growth expectations. disappointment in terms of growth and in terms of this fear of inflation which is really what you fear when you go out that far. the backdrop year is we are still struggling with the global beef relation area environment. in such -- deflationary environment. in such an environment, the curve offer some value. we prefer the longer end of the curve in the u.s. because you get higher yields than what you can get in europe. for european investors who are struggling with the avoidance of negative interest rates, you can see why they are having a lower level o