Sunday 22 September 2013

2013-18. Bank of Canada sees good times

The governor of the Bank of Canada spoke shortly before Fed's announcement. He sees good things ahead for the Canadian economy.

He points out that, with the economy improving, business confidence increases and he expects that firms are going to increase investment soon.

Note the last sentence. The interest rates have been kept low since 2010 and analysts do not expect an increase until the next year. We will see if the Bank of Canada surprises, or does not surprise, analysts.

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