Carney Says Canada’s Policy Can’t Stray Far From U.S.

Bank of Canada Governor Mark Carney said there is a limit to how far his country’s monetary policy can stray from its U.S. counterpart, and economists said he may pause raising interest rates if the U.S. Federal Reserve eases its policy.

Speaking in a CNBC Television interview today, Carney said the “debt overhang” in the U.S. is “pushing inflation to very low levels, and it may necessitate a Fed response.”