immigrantscanada.com

Independent topical source of current affairs, opinion and issues, featuring stories making news in Canada from immigrants, newcomers, minorities & ethnic communities' point of view and interests.

Bank of Canada

Bank of Canada: 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. , according to Winnipeg Free Press. "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. Outgoing Bank of Canada governor Mark Carney LEFTERIS PITARAKIS / THE ASSOCIATED PRESS ARCHIVES 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. (www.immigrantscanada.com). As reported in the news.