As expected the Bank of Canada kept their key interest rate
at 1.0%. In their accompanying statement they highlighted the following;
-Core inflation is being pushed higher towards the target
rate of 2.0% by higher energy rates
-Global economic growth in the first quarter of 2104 is
weaker than they expected which could create downside risks for the Canadian
Economy-calling for an increase in exports brought on by a weaker Canadian Dollar
-greater investment due to higher corporate profits
There was no mention in this statement about any possible
future interest rate hikes so clearly we will have low interest rates in Canada
for some time to come.
The Canadian Dollar is weakening off as I though it might
but it is not jumping running away.
Mike
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