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Bank of Canada Release

 

Bank of Canada release expected to keep rates stable, but could impact dollar. The Bank of Canada is not expected to move interest rates higher or lower Wednesday when it announces its trend-setting rate.

 

But economists say central bank governor Stephen Poloz could say something that affects the value of the Canadian dollar.

 

The loonie has been drifting lower for days, dropping to below 94 cents this week.

 

At least one analyst, Bank of Montreal chief economist Doug Porter, says Poloz may issue a statement that suggests the weakness of the currency is not unwelcome.

 

The bank’s policy rate has stood at one per cent since September 2010.

 

www.citynews.ca

 

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