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Bank of Canada Statement Highlights

Realization of several downside risks indentified in the Bank’s July Monetary Policy Report(MPR):

U.S. economy to grow at slower pace than projected earlier:

European debt crisis to intensify:

Persistent strength of Canadian dollar adds to problems facing producers:

Growth Projections

Five Ways Bank of Canada will continue to support Canada’s economy:

  1. Provide monetary policy supporting low, stable, predictable inflation rate.
  2. Ensure core funding markets remain liquid.
  3. Continue to build a more resilient financial system.
  4. Monitor risks to financial stability and develop appropriate responses based on updated assessments.
  5. In conjunction with global counterparts, work to tackle the twin challenges of reducing excessive private and public debt.

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Scott Boyd

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