Market Update Stephen Poloz Governor Bank of Canada Sound clip

Market Update Stephen Poloz Governor Bank of Canada Sound clip

Dear Clients, We always touch on where the overnight lending rate is going – that’s obviously a major function of these emails.  This week, we hit the jackpot:  Stephen Poloz, Governor of the BOC, did an interview on CBC’s The Current, providing some hints at what the future will hold for our overnight lending rate.  This one comes straight from the horse’s mouth.  Take 20 minutes and have a listen to what he had to say HERE. RATE UPDATE: No reason to change your variable rate at this time.  Despite the slightly encouraging detail with regards to full-time employment, a still-anemic jobs market and a tick up in the unemployment rate to 7.1% gave the Bank of Canada...

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