Bank of Canada likes prospects for recovery
Filed Under Main Content · Tagged: Bank Of Canada, Bank Of Commerce, Canadian Imperial Bank, Canadian Imperial Bank Of Commerce, Commerce Bank, Confidence, Consumer Spending, Economist, Economists, Global Recovery, Globe And Mail, Imperial Bank Of Commerce, Interest Rates, Measures, Monetary Policy Report, Probability, Prospects, Rebound, Steam, Unemployment
The Globe and Mail- The Bank of Canada is expressing greater confidence that the global recovery will pick up steam and endure, while warning that unemployment will fall only slowly and that the rebound depends on measures to cut debt in advanced economies and to boost consumer spending in Asia.
Growth in Canada, the United States and other countries is expected to surpass the Bank of Canada’s previous hopes over the next year, the central bank said in its quarterly Monetary Policy Report yesterday, leading some economists to suggest interest rates will begin rising again in July, if not earlier, though some believe that will happen later in the year.
"This report is clearly a much more optimistic report, increasing the probability of the Bank of Canada moving as early as July," said Benjamin Tal, a senior economist at Canadian Imperial Bank of Commerce…
Bank of Canada likes prospects for recovery – The Globe and Mail
