Friday, December 19th1.1°C
24563

No Bank of Canada move expected on interest rates, but inflation still a worry

OTTAWA - Economists don`t expect the Bank of Canada to make any sudden moves on interest rates today or change its neutral stance about future changes.

But they'll be listening closely to what the central bank has to say about weak inflation, which remains below the current trendsetting interest rate of one per cent.

Experts expect the bank to talk about the fact that inflation has been consistently below the ideal target of two per cent, but will be very careful in what they say.

They say the bank has made it clear that it doesn`t see interest rates rising any time soon, but it's concerned about disinflation, which is part of the reason why the dollar keeps losing ground.

The Canadian dollar has fallen to 91.15 cents U.S., but some say the bank isn't losing any sleep over it, because they see it as a positive for the economy.

The bank could stress that it may need to cut interest rates unless inflation rebounds, but TD economist Derek Burleton says it's unlikely they'd go that far given the concerns about household debt.

The Canadian Press


Read more Business News

23041


Recent Trending




Today's Market
S&P TSX14468.26+121.51
S&P CDNX676.54+11.04
DJIA17804.8026.65
Nasdaq4765.38+16.983
S&P 5002070.65+9.42
CDN Dollar0.8618+0.0001
Gold1197.20+2.50
Oil56.50+2.39
Lumber338.60+1.70
Natural Gas3.446-0.196

 
Okanagan Companies
Pacific Safety0.12-0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.25-0.03
Cantex0.03-0.005
Anavex Life Sciences0.1726+0.0026
Metalex Ventures0.05-0.005
Russel Metals25.58-0.42
Copper Mountain Mining1.55-0.02
Colorado Resources0.120.00
ReliaBrand Inc0.011-0.0089
Sunrise Resources Ltd0.05-0.005
Mission Ready Services0.215-0.01

 
24130


24380

FEATURED Property
21464681260 Ash St
2 bedrooms 1 baths
$245,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


My final thoughts on real estate

This will be the last column I write on real estate. Largely because at the end of the year I will be handing in my license. After 20+ years of working in land development, resort development and rea...


Reflecting on the end of the year

The importance of the end of the year and the Christmas holidays is profound. It is a time to reconnect with family and traditions that have made us who we are. But the year-end has always been a time...


Parenthood: Estates, insurance & taxes

It is now even more important to ensure your loved ones are well looked if anything should happen to you. Here are a few topics to consider helping you prepare for some of the unexpected events that c...

_





24476


Member of BC Press Council


23871