Lower-for-longer interest rates likely for Canada: TD

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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.

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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/