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…

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