Money: Bank of Canada to weigh in on economy, expected to leave interest rate unchanged - - PressFrom - Canada
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MoneyBank of Canada to weigh in on economy, expected to leave interest rate unchanged

13:07  29 may  2019
13:07  29 may  2019 Source:   thestar.com

Bank of Canada to weigh in on economy, expected to leave interest rate unchanged

Bank of Canada to weigh in on economy, expected to leave interest rate unchanged Bank of Canada to weigh in on economy, expected to leave interest rate unchanged

Interest Rate in Canada is expected to be 1.75 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations . News. Canada Leaves Monetary Policy Unchanged The Bank of Canada left its benchmark interest rate unchanged at.

Interest Rate in Canada is expected to be 1.75 percent by the end of this quarter, according to Trading Economics global macro models and Bank of Canada leaves interest rate unchanged . The bank signalled Wednesday it expects to stick to its rate -hiking path, although at perhaps a

Bank of Canada to weigh in on economy, expected to leave interest rate unchanged© Sean Kilpatrick The Bank of Canada is expected to make an interest rate decision Wednesday. Stephen Poloz, Governor of the Bank of Canada answers a question during a press conference at the Bank Of Canada in Ottawa on Thursday, May 16, 2019.

OTTAWA - Bank of Canada governor Stephen Poloz is widely expected to leave his trend-setting interest rate unchanged today — and he appears in no hurry to move the rate any time soon.

The policy announcement will come at a time when the economy is starting to show signs of picking up its pace after a winter deceleration that was largely caused by a drop in oil prices.

Last month, Poloz held the rate at 1.75 per cent for a fourth-straight policy decision and set aside talk of hikes — at least until the economy rises from what he’s described as a temporary slowdown.

Bank of Canada holds rate, says numbers reinforcing view slowdown was temporary

Bank of Canada holds rate, says numbers reinforcing view slowdown was temporary Bank of Canada holds rate, says numbers reinforcing view slowdown was temporary

Bank of Canada governor Stephen Poloz is widely expected to leave his trend-setting interest rate unchanged today, and he appears in no hurry to move the rate any time soon. The policy announcement will come at a time when the economy is starting to show signs of picking up its pace

OTTAWA - Bank of Canada governor Stephen Poloz is widely expected to leave his trend-setting interest rate unchanged today — and he appears in The central bank kept its trend-setting rate at 1.75 per cent — and governor Stephen Poloz appeared to be in no hurry to make a move, even as he

The sudden down shift has also forced the central bank to cut its 2019 growth forecast — a reduction that comes after the economy ran at close to full tilt for most of 2017 and 2018.

The bank continues to keep its eye on the evolution of heavy household debt loads, oil markets and the threats of global trade unknowns, which have become particularly uncertain in recent weeks.

Many economists expect the bank to leave the interest rate untouched until at least late in the year and perhaps longer.

Read more

What slump? RBC, TD defy Canada housing decline with loan growth.
Canada’s two largest banks are defying cooling housing markets in the country by posting solid growth in home loans. Royal Bank of Canada, the nation’s largest mortgage lender, reported Thursday that its domestic mortgage book expanded 5.2% in the fiscal second quarter from a year earlier, while Toronto-Dominion Bank’s mortgages and amortizing home-equity lines had a 5.8% increase. Both banks reported earnings that beat analysts’ expectations. The two lenders are bucking the trend for the overall industry, which has seen year-over-year mortgage growth slide to a 17-year low of 3.

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