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22 May

Canada’s Interest Rates Could Be Cut to Zero Says Fidelity’s Wolf

General

Posted by: Kimberly and Cindy Walker

    • by Jamie Henry | 22 May 2015

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.”