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{Bank of Canada to maintain 1% overnight rate},[url=http://www.moncler-sale.org]moncler outlet[/url]
The Bank of Canada Building,[url=http://www.moncler-sale.org]moncler on sale[/url], Ottawa, Ontario|Bank of CanadaBy Emma CrawfordWed Sep 4, 2013 10:00am PSTThe overnight rate target will once again remain at 1%, the Bank of Canada announced September 4, maintaining the same rate since September 2010.The bank said the global economy is expanding as expected, but at a moderated rate. U.S. domestic demand has improved but with slightly less momentum than anticipated. The economic climate in Europe is improving and Japan remains strong. China is growing at a steady pace, but other emerging markets are seeing increasing financial volatility.“Uncertain global economic conditions appear to be delaying the anticipated rotation of demand in Canada towards exports and investment,[url=http://www.moncler-sale.org]moncler outlet[/url],” the Bank of Canada said in a release.“While the housing sector has been slightly stronger than anticipated,[url=http://www.moncler-sale.org]moncler on sale[/url], household credit growth has continued to slow and mortgage interest rates are higher, pointing to a continued constructive evolution of household imbalances.”The bank said the current rate will remain appropriate as long as there is continuing slack in the Canadian economy,[url=http://www.moncler-sale.org]discount moncler jackets[/url],[url=http://www.moncler-sale.org]moncler down jackets[/url], the inflation outlook remains muted and household sector imbalances continue to recover constructively.The next overnight rate target announcement is scheduled for October 23.ecrawford@biv.com@EmmaCrawfordBIVTags: emerging market,[url=http://www.moncler-sale.org]moncler sale[/url], exports,[url=http://www.moncler-sale.org]moncler sale[/url],[url=http://www.moncler-sale.org]discount moncler jackets[/url], inflation,[url=http://www.moncler-sale.org]moncler down jackets[/url], interest rate, mortgage, Bank of Canada
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