Canada's interest rates could be cut to zero: Fidelity
5/22/2015
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Posted in Mortgage Interest Rates by Nat Mastroianni| Back to Main Blog Page
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.”
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