Interest rates to remain low and on hold for longer

Interest rates to remain low and on hold for longer

Bank Of CanadaThe Bank of Canada announced on October 22nd, 2014 that it was holding its trend-setting overnight lending rate at 1 per cent.

Its most recent rate announcement and Monetary Policy Report suggest a number of reasons why interest rates aren’t going up anytime soon:

  1. Recovery in exports not ready to stand on own legs.
  2. Business investment remains weak
  3. Inflation is on target.
  4. Global uncertainty.
  5. Canadian economic growth will be running below capacity for longer.

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Yasir Hussain

Yasir Hussain

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CENTURY 21 Percy Fulton Ltd., Brokerage*
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