Bank of Canada Governor Mark Carney today cast a troubled eye over world trading, seeing increasingly uneven recovery ahead between emerging and advanced economies and financial crisis aftershocks that will last for years. For his own part, Carney said in a speech that future rate hike decisions by the Bank of Canada must balance conflicting and volatile world and domestic forces. The upshot is that "no particular path for monetary policy is pre-ordained." The BOC is to announce a decision July 20 as to whether its key policy rate is raised or maintained at 0.50%. The target for the overnight rate was raised by ... (full story)