BoC Says There's a Limit to How Far US and Canada Rates Can Diverge
OTTAWA (Reuters) - There is a limit to how far U.S. and Canadian interest rates can diverge but "certainly we're not close to that limit", Bank of Canada Governor Tiff Macklem told the House of Commons finance committee on Thursday.
There's a limit to how much interest rates in Canada and U.S. can diverge: Macklem
"Our interest rates in Canada don't need to be the same as the U.S. rate or global rates. But there is a limit to how far they can diverge," Macklem said. "We're not close to that limit." The Bank of Canada is widely expected to begin lowering its policy ...
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