17 July 2013
The Bank of Canada rate meeting – fresh outlook from the new Governor
Today was the first Bank of Canada (BoC) rate meeting with Stephen Poloz as a new Governor. As a result, the central bank kept its key lending rate unchanged at 1% level. It means that Prime rate remains at 3%.
But, to be honest, the market really wanted to hear what Polozsays about the possible rate increase…