Carney comments indicate Canadian rates to fall

- Central Banking staff
- 15 Apr 2008

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Expectations of further rate cuts in Canada rose on the back of comments made by Mark Carney, the governor of the central bank.

Carney voiced concerns that the country's credit markets will get tighter and that the economic slowdown in the US, Canada's main trading partner, will be more prolonged than previously thought over the weekend.

``The world's largest economy is slowing and there is the prospect that the recovery from that slowdown will be more muted," Carney said, adding that there was

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