David Wolf of Fidelity Investments says that the Bank of Canada may end up slashing interest rates to zero in the next 6 to 18 months.
David Wolf of Fidelity Investments says that the Bank of Canada may end up slashing interest rates to zero in the next 6 to 18 months. With oil prices showing more strength and the Canadian dollar increasing its value, Wolf says the non-energy exports that governor Stephen Poloz wants to grow may struggle. Speaking at a Bloomberg conference in Toronto Mr Wolf said he was not expecting a recession in Canada but “I’m sure thinking sluggish growth.”
