mortgage: Bank of Canada Hints at Higher Rates - 04/17/12 10:48 PM
JEREMY TOROBIN OTTAWA— Globe and Mail Update Published Tuesday, Apr. 17, 2012 9:02AM EDT Last updated Tuesday, Apr. 17, 2012 10:02AM EDT
The Bank of Canada left its main interest rate untouched at 1 per cent Tuesday, while painting a brighter economic outlook and hinting for the first time since last summer that it is beginning to look for an opportunity to raise borrowing costs.
The decision to stand pat for a 13th consecutive meeting was expected. But after weeks of sunnier rhetoric from Governor Mark Carney amid a strengthening domestic recovery, Bay Street analysts had been debating how far he would go in trying to reshape … (1 comments)