Get Used to It, Fidelity Says of Bank of Canada Shocker
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Bank of Canada Governor Stephen Poloz told investors last year he would soon start surprising them because he was no longer offering guidance on future interest rates. Today he delivered.
Poloz’s surprise interest-rate cut, following Switzerland’s shock move last week and easing by Denmark and Norway, is prompting a reevaluation on trading desks of central bankers as predictable, cautious and slow to act.