For the Bank of Canada, what a difference a few months makes - Globe and Mail Op-Ed - C.D. Howe Institute
For the Bank of Canada, what a difference a few months makes - Globe and Mail Op-Ed - C.D. Howe Institute Home / Publications / Opinions & Editorials / For the Bank of Canada, what a difference a few months makes - Globe and Mail Op-Ed Opinions & Editorials | January 28, 2020 For the Bank of Canada, what a difference a few months makes - Globe and Mail Op-Ed Share Print Cite Summary: Page Title: For the Bank of Canada, what a difference a few months makes - Globe and Mail Op-Ed - C.D.
The Bank of Canada announced last Wednesday that its continuing to hold its overnight target rate constant at 1.75 per cent. No surprise there. What is interesting, however, is a major turn of events in the economic outlook. The global economy appears to have gone from being a drag on Canadian growth to a strength, whereas the domestic Canadian economy, once a growth driver, appears to be slowing down. The Bank of Canada still faces a balancing act - although it at least has the tools to fight d