Bank of Canada warns investors to adapt to slower growth, low interest rates - News Summed Up

Bank of Canada warns investors to adapt to slower growth, low interest rates


Wilkins said countries must also continue to work to take steps that will improve long-term growth. LONDON—The senior deputy governor of the Bank of Canada says investors and those in the financial system need to adapt to the reality of slower growth and associated low interest rates. “Authorities have to continue to solidify the global financial system and guard against emerging problems,” she added. “At the same time, as population aging continues, the neutral rate could fall further, unless productivity growth picks up or global savings fall,” Wilkins said. “And the longer weak investment persists, the more important this risk becomes.”The Bank of Canada kept its key interest rate target on hold last week after exports disappointed earlier this year.


Source: thestar September 14, 2016 12:00 UTC



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