All eyes on Poloz ahead of BoC rate announcement
David Parkinson, The Globe and Mail, July 12, 2015
In a year when the Bank of Canada has already stunned markets with an out-of-left-field interest-rate cut, it’s hard to imagine another rate-setting decision by the central bank could match that sort of drama. But this Wednesday’s scheduled rate announcement from the bank could come a close second.
After a string a disappointing economic indicators that strongly suggested the Canadian economy had contracted for a second straight quarter, financial markets and central-bank watchers are abuzz with will-he-or-won’t-he anticipation: Will Stephen Poloz, the central bank’s governor, decide to follow up January’s surprise rate cut with another quarter-percentage-point reduction, to throw a life preserver to an economy that may (or may not, depending on whom you ask) have already sunk into a small recession?
To read the full article please click here.
Click here and LIKE us on Facebook to be entered in our monthly prize drawing
Refer a Friend and be Entered in our monthly prize Drawing