Poloz signals delay in rate rise as economy struggles - GIC Wealth Management

CALL US TODAY!

1-866-228-9442
For Your Information Poloz signals delay in rate rise as economy struggles

Poloz signals delay in rate rise as economy struggles

Bank of Canada Governor Stephen Poloz is signalling that a move to raise interest rates will likely be delayed again as the Canadian economy struggles to gain traction.

Mr. Poloz acknowledged Tuesday that the central bank’s current projection that the economy will get back to full capacity near the end of 2017 may be too optimistic.

“It is quite evident that our economy is still facing strong headwinds, and we need stimulative monetary policy to counteract them and move us closer to full capacity,” Mr. Poloz said in remarks prepared for a speech to a group of economists in Quebec City.

To read full article please click on the link below:

http://www.theglobeandmail.com/report-on-business/economy/poloz-signals-delay-in-return-to-higher-rates-as-economy-struggles/article31964961/