Bank Governor Mark Carney: Venable Park Investment Counsel

Venable Park Investment Counsel: Bank governor Mark Carney is widely expected to keep the central bank's trend-setting rate at one per cent, but Danielle Park, president and portfolio manager with Venable Park Investment Counsel, said investors will look for hints on when a rate cut or hike may come, according to Times Colonist. "I think they're definitely on hold mode at this point and, if anything, they may signal that there might be a willingness to cut rates at some stage if the global trend continues this way." TORONTO - The Bank of Canada's latest rate announcement, along with a number of other key economic indicators, will be front and centre this week for the Toronto and U.S. markets. "I think he's going to acknowledge that the Canadian data continues to disappoint. I think he's going to want to sort of back out of expectations that they may be hiking in the not too distance future," Park said. (www.immigrantscanada.com). As reported in the news.