Canadian Rates Remain the Same, But Not Indicators
The Globe and Mail published an opinion calling the plan by the Central Bank of Canada to leave the rate at 1.75 percent no big surprise.
But as is often the case, there is more to the declaration than meets the eye. In the opinion piece, which was written by an economics professor at the University of Quebec, it was said that the global economy had a positive influence on the Canadian economy. This was a reversal of previously held beliefs that the global economy was a “drag” on the Canada.(more…)