Tuesday, April 12, 2011

BoC: No Rate Hikes

The danger of low interest rates on the economy continues to baffle Mark Carney as he announced that the Bank of Canada would keep its policy rate at 1%.

Then he said this:

“The persistent strength of the Canadian dollar could create even greater headwinds for the Canadian economy”

Doublespeak for: Canadians will lose their purchasing power to benefit the export sector.

No comments:

Post a Comment