Monday, April 16, 2012

Bank of Canada is unlikely to raise interest rate

Bank of Canada is unlikely to raise interest rate


The Bank of Canada meets on April 17. The analysts expect the central bank to keep the rates unchanged at 1%. Then the BOC will release full domestic and international assessment April 18.
On Thursday, April 12, Canada’s trade surplus declined to C$0.3 billion vs. C$2.2 billion expected and C$1.9 billion in February. However, many analysts believe the economy will continue demonstrating moderate growth. Read more