4 October 2012
It should be noted that the Bank’s key lending rate has been at 1% for more than 2 years already.
The central bank expects Canada to return to full economic capacity late next year.
Nevertheless, some economists have doubts concerning the Bank’s promise to start raising rates as the European debt crisis problem remains unsolved and the U.S. still show weak economic results.
And tomorrow Statistics Canada releases its report on the Canadian employment, so we’ll see how Canada is performing.