BANK OF CANADA MONETARY POLICY REPORT

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BANK OF CANADA MONETARY POLICY REPORT
Date Posted: October 23, 2013

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At Wednesday's monetary policy report, the Bank of Canada announced once again that they will keep the overnight lending rate at 1%, the level it has been since late 2010.

Canada's central bank, lead by Stephen Poloz, dropped any reference to borrowing costs rising for the first time in 18 months. It was instead indicated by Poloz that any rate change will be "very clearly later than we thought". The new governor, who replaced Mark Carney earlier this year, would not comment on the future direction rates will take in the future, but said that balancing future data would be a matter of "risk management".

Click here for the full article from the Financial Post.
 
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