Is 2015 the year the Bank of Canada finally raises its key interest rates?
Article by Andy Blatchford, December 26, 2014
“OTTAWA — After 18 months on the job, Bank of Canada governor Stephen Poloz has yet to wield the primary tool at his disposal: the key interest rate.
When Poloz took the bank’s reins in June 2013, he inherited an overnight rate set nearly three years earlier by his predecessor Mark Carney. That rate has yet to budge from one per cent, idling for one of the longest stretches in Bank of Canada history.
With Canada’s economy showing signs of recovery, could 2015 be the year Poloz starts hiking up the central bank’s trend-setting rate and, if so, when?”
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