Beware of robber banks (RB), bad advisors.
-
Poloz expects rates to rise 'a bit' but unsure on timing
Bank of Canada Governor Stephen Poloz said he sees the slowdown in Canada’s economy as temporary and that interest rates will likely go up – he just doesn’t know when and by how much. “The natural tendency is for interest rates to still go up a bit. I don’t really know how much a bit is, and what the timing might be,” Poloz said in an interview with BNN Bloomberg’s Amanda Lang on Thursday after the central bank published its annual Financial System Review. “But it depends on our forecast coming true that the slowdown is temporary and getting through all that and getting back on the track we were [on] ... (full story)