Economics
Poloz Credits Government for Growth, But Trudeau's Still Nervous
- Canadians pessimistic even with G-7’s fastest growing economy
- ‘We could easily see a psychological chill,’ Nanos says
Bank of Canada Shows It's the Fed of the North
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Stephen Poloz called it “good news for Canada” -- its economy is leading the Group of Seven in growth and the era of rock-bottom rates is ending. It won’t be all good news for Justin Trudeau.
The Bank of Canada raised its benchmark interest rate Wednesday for the first time since 2010, saying growth is broad-based and predicting a return to full capacity by the end of the year. That growth, if sustained, should also trim the federal deficit.