The Bank of Canada’s business outlook survey results come ahead of the central bank’s next interest rate decision set for Jan. 9
Interest-rate hikes will still be needed over time
Canada’s central bank keeps eye on oil slump, investment
Lower growth prospects expected to reinforce Stephen Poloz’s strategy of moving very gradually on rate increases
Paul Beaudry succeeds Sylvain Leduc
Interest rates are no longer expected to rise as high they had before the financial crisis, which means there will be less room for the bank to cut rates in an economic downturn
Project a major step forward in international co-operation
Central bank report offers more details about the impacts of new guidelines and rising interest rates
IIROC will publish one- and three-month BA rates on its website beginning in January 2019
The Bank of Canada will decide on the appropriate pace of the increases based on how well the economy adapts to higher interest rates established by earlier hikes