Canada effecting a cautious normalisation – deputy governor
Uncertainties related to trade, high debt levels and slower growth may delay new rate hikes
The process of policy normalisation by the Bank of Canada could be slowed down by the uncertain future of the North American Free Trade Agreement and higher levels of private debt, deputy governor Lawrence Schembri said at a conference in Winnipeg on February 15.
“The approach we are taking with interest rates in the future is really a cautious approach,” said Schembri. “We understand there are a number of vulnerabilities or uncertainties surrounding the Canadian outlook. In particular, the
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