Labour Market Still Has Room to Run for Bank of Canada
Bank economists project next rate hike by April, possibly sooner
Governor of the Bank of Canada Stephen Poloz speaks to reporters following the release of the Financial System Review (FSR) in Ottawa on Nov. 28, 2017. The Bank of Canada left interest rates unchanged on Dec. 6. The Canadian Press/Justin Tang
OTTAWA—The Bank of Canada held its overnight rate target at 1 percent on Dec. 6 as the labour market shows credible signs of improvement while exports underperform.
“Employment growth has been very strong and wages have shown some improvement,” said the central bank in its press release.
Rahul Vaidyanath
Journalist
Rahul Vaidyanath is a journalist with The Epoch Times in Ottawa. His areas of expertise include the economy, financial markets, China, and national defence and security. He has worked for the Bank of Canada, Canada Mortgage and Housing Corp., and investment banks in Toronto, New York, and Los Angeles.
