Canada’s interest rates could be cut to zero says Fidelity’s Wolf

Canada’s interest rates could be cut to zero says Fidelity’s Wolf

Canada’s interest rates could be cut to zero says Fidelity’s Wolf David Wolf of Fidelity Investments says that the Bank of Canada may end up slashing interest rates to zero in the next 6 to 18 months. With oil prices showing more strength and the Canadian dollar increasing its value, Wolf says the non-energy exports that governor Stephen Poloz wants to grow may struggle. Speaking at a Bloomberg conference in Toronto Mr Wolf said he was not expecting a recession in Canada but “I’m sure thinking sluggish growth.” 
 
1 Comments
  • Darr Robbins 2015-05-22 8:44:11 AM
    Yes Mr. Wolf, we know and have been discussing the topic in more details that this article awhile ago such as here:

    http://www.mortgagebrokernews.ca/news/why-rates-wont-rise-191198.aspx

    We're pleased that you agree with us.
    Post a reply