Bank of Canada Expected to Stand Pat Amid Trade Uncertainty - News Summed Up

Bank of Canada Expected to Stand Pat Amid Trade Uncertainty


OTTAWA—The growing uncertainty over Canada’s trade ties with the U.S. is reinforcing expectations that the Bank of Canada will hold its benchmark interest rate steady in its policy announcement Wednesday. Economists from 10 of the 11 primary dealers of Canadian government securities told The Wall Street Journal they anticipate the Bank of Canada will keep the key rate at 1.25% this week. While many expect at least two interest-rate increases later in the year, several acknowledged their forecasts could be in doubt if trade...


Source: Wall Street Journal March 06, 2018 15:22 UTC



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