(Bloomberg) -- Bank of Canada Governor David Dodge
may raise interest rates for the first time since May 2006, as
exporters and unions warn an increase will send the currency to
parity with the U.S. dollar and cost jobs.
The central bank will lift the overnight rate by a quarter-
point to 4.5 percent tomorrow, according to all but one of 29
economists surveyed by Bloomberg News. Speculation grew after
the last decision May 29, when policy makers said a tightening
might be needed ``in the near term,'' citing ``excess demand''
in the world's eighth-biggest economy.
Read more at Bloomberg Currencies News
may raise interest rates for the first time since May 2006, as
exporters and unions warn an increase will send the currency to
parity with the U.S. dollar and cost jobs.
The central bank will lift the overnight rate by a quarter-
point to 4.5 percent tomorrow, according to all but one of 29
economists surveyed by Bloomberg News. Speculation grew after
the last decision May 29, when policy makers said a tightening
might be needed ``in the near term,'' citing ``excess demand''
in the world's eighth-biggest economy.
Read more at Bloomberg Currencies News
No comments:
Post a Comment