Poloz highlights headwinds facing the Canadian economy as another reason for holding the line on rates.
The central bank is expecting the economy to rebound in the second quarter with 2.5% growth
The MoU aims to facilitate oversight of Canada’s domestic systemically-important financial institutions
Such a strategy would need to cover risks in both cash and derivatives products, BoC deputy governor says
The central bank estimates the economy may be as much as 50% more sensitive to a given rate of interest than it was about a decade ago
The prospect of tariffs have added to an already murky context for Canada
The central bank is keeping a close eye on NAFTA renegotiations, competitiveness related to U.S. tax cuts and impacts on the housing market
Low interest rates have encouraged households to take on debt
Bank of Canada warns of leaving winner takes all digital economy unchecked
Many economists expect the central bank to raise the overnight rate by 25 basis points to 1.25%