The central bank held its benchmark rate Wednesday
The central bank's benchmark short-term rate will remain in a range of 2.25% to 2.5%
An aging population that takes on less debt is less sensitive to changes in interest rates
Low interest rates have encouraged households to take on debt
International bank calls for rebalancing of policy and structural reforms to encourage long-term growth
Consultation papers discuss alterations to BoC’s emergency lending capabilities and market operations
Guidance on interest rates unchanged
Consumer spending a bright spot
There are likely to be bouts of market volatility as stimulus is slowly removed
Craig Fehr, Canadian market strategist for Edward Jones, discusses the U.S. Federal Reserve’s announcement that it will taper its monthly bond purchases by US$10 billion starting in January. He suggests investors position their portfolios to account for stronger economic growth and higher long-term interest rates. He spoke at the TMX Broadcast Center in Toronto.