Interest rates set to stay low again tomorrow

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Stephen Poloz is expected to extend the run of low interest rates when the Bank of Canada’s decision is announced tomorrow. That’s the forecast of 22 economists polled by Bloomberg and that would mean the longest rate freeze for almost 70 years. Economists predict that the BoC will keep the 1 per cent rate until the last quarter of next year and also expect that the US rate will have been raised a number of times by then, probably reaching 1 per cent by the fourth quarter. 

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