BoC's Macklem says low-rate strategy stretched
KINGSTON, Ontario Jan 10 (Reuters) - The Bank of Canada's low interest rate strategy is reaching its limit because of the country's high levels of household debt, the central bank's senior deputy governor, Tiff Macklem, said on Thursday.
In an earlier speech, Macklem said Canada's economy will likely be more sluggish than expected in the near term, and the Bank of Canada will take that into account in its revised economic forecasts later this month.
- Police hunt for motive as search for Malaysian jet spans hemispheres |
- Malaysian PM says lost airliner was diverted deliberately |
- Democrats seek ways to limit Obamacare fallout after Florida defeat
- Crimeans vote on union with Russia as troops build up rapidly |
- Police make third arrest in murder of Colorado socialite