Lower-for-longer interest rates likely for Canada: TD
The Bank of Canada will likely follow the U.S. Federal Reserve Board in shifting its approach to monetary policy, allowing for lower rates for longer, says TD Economics.
In a new report, TD said that the Fed’s new policy framework, which includes a more flexible approach to inflation and a new focus on employment shortfalls, means the central bank will likely take longer to raise interest rates.
Original Article Source Credits: Advisor's Edge , https://www.advisor.ca/
Article Written By: James Langton
Original Article Posted on: September 2, 2020
Link to Original Article: https://www.advisor.ca/news/economic/lower-for-longer-interest-rates-likely-for-canada-td/