Carney May Signal Canada 1% Policy Rate to Stay Low for Longer

The Bank of Canada will probably leave its main interest rate unchanged today and signal it will stay low for longer than policy makers previously anticipated, economists said.

Governor Mark Carney will hold the Ottawa-based central bank’s target for overnight loans between commercial banks at 1 percent, where it’s been since last September, according to all 27 economists surveyed by Bloomberg News. The decision is due at 9 a.m. New York time.