Canada's Dodge leans toward rate hike

CANADA - David Dodge, the governor of the Bank of Canada, indicated Thursday that external factors would guide the central bank's short-term monetary policy, but the bank's preference would be to raise interest rates to slow down the domestic economy.

In his first remarks since the bank surprised some analysts by holding rates steady at 2.75% on 4 September, Mr. Dodge said weak economies abroad, stock market instability and rising tensions surrounding Iraq have been at the forefront of the ban

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: