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

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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.” 
 
  • Darr Robbins on 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.

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