The Board of Directors of the Bank of Canada announced today that Governor Stephen S. Poloz has informed them that he will not seek a second term as Governor when his seven-year term expires on June 2, 2020.
Listened to part of interview today. Sounds like BofC is expecting inflation. In short term only some of it will affect us as things like hotels, travel etc are included in cpi. Holding firm on 0.25% rate.
The Bank of Canada today maintained its target for the overnight rate at ¼ percent, which the Bank considers its effective lower bound. The Bank Rate is correspondingly ½ percent and the deposit rate is ¼ percent. The Bank also announced new measures to provide additional support to Canada’s...