Economy will be challenged by job vacancies as boomers retire
Growth won’t likely pick up until 2013, central bank says
Central bank says it needs to keep interest rates low to provide stimulus to a slow-moving economy
Bank likely to see how global events play out before making a move
Fear of boosting the Canadian dollar will keep the Bank of Canada from boosting rates
The change in outlook stems from easing Fed policy, downgraded Canadian economic outlook and tightened mortgage rules
US$267 billion more to drive long-term rates down
Bank of Canada rate decision coming Tuesday
Stronger business sentiment overshadowed by external headwinds
OTTAWAMany Canadians embrace low rates, but they also seem unaware of the downside of prolonged low rates on savings and pensions