Interest Rates

interest rates: Economists are unanimous that for the umpteenth time the Canadian central bank won't make any sudden moves on interest rates and choose to keep the trendsetting policy rate at one per cent, where it's been since September 2010, according to CTV. The loonie fell almost a cent to 96.18 cents US and has been drifting lower ever since. It dropped to a two-year low below 94 cents Monday and was sliding lower still Tuesday and OTTAWA -- The Bank of Canada has a chance Wednesday to do in words what it won't do in practice -- further clip the wings of the loonie without actually changing monetary policy. But a central banker has more arrows in the quiver than just moving around rates. Sometimes language alone can do the job it wants, as governor Stephen Poloz showed in October after removing bullish language on interest rates from his text. (www.immigrantscanada.com). As reported in the news.