19:03:52 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Bank of Nova Scotia
Symbol BNS
Shares Issued 1,217,199,616
Close 2014-10-17 C$ 67.31
Market Cap C$ 81,929,706,153
Recent Sedar Documents

Globe says Big Six banks await BOC's quarterly report

2014-10-20 06:43 ET - In the News

See In the News (C-TD) Toronto-Dominion Bank

The Financial Post reports in its Saturday edition that on-target inflation should make the Bank of Canada's job a bit easier in some ways -- but, in other ways, slightly more difficult. The Globe's Gordon Isfeld writes that Canada's consumer price index slowed to 2 per cent in September, bringing the year-over-year pace of increases in the middle of the BOC's optimum comfort level. Governor Stephen Poloz could use last month's reading to his advantage when he delivers the BOC's quarterly monetary policy report on Wednesday. The closely watched domestic and global forecast document will be accompanied by a decision on the bank's trend-setting interest rate, which is expected to remain at a near-rock-bottom level of 1 per cent. The harder part will be keeping an even-footed policy position as Mr. Poloz waits for the global economy to get back in gear and geopolitical concerns to dissipate. BMO economist Douglas Porter says the BOC's target for inflation has been hit. He says: "So they don't really feel the need to change anything abruptly. ... But, I think it makes their job a touch more difficult because they can't lean on the crutch of low inflation as a reason why they've got interest rates set so low."

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