22:18:37 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Bank of Nova Scotia
Symbol BNS
Shares Issued 1,201,864,902
Close 2017-05-19 C$ 75.48
Market Cap C$ 90,716,762,803
Recent Sedar Documents

Globe says TD, rivals expect BOC to hold rates steady

2017-05-23 06:53 ET - In the News

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

The Globe and Mail reports in its Monday edition that the Bank of Canada looks certain to stick with its cautious tune when it issues its latest interest-rate decision this week. The Globe's David Parkinson writes that financial markets are pricing in a near-zero chance the BOC will change its key rate from the current 0.5 per cent when it announces its decision Wednesday. That would extend the BOC's stand-pat streak to 15 rate decisions spanning nearly two years. This is one of the four rate decisions each year that lands in between quarterly Monetary Policy Reports, which means the announcement will not be accompanied by an update of the BOC's economic forecasts. The brief statement will, however, provide the BOC's assessment of the state of the Canadian economy, in general terms. Last time out, in mid-April, it played down the economy's strong start to the year, attributing much of the faster-than-expected growth to temporary factors. Since then, key economic indicators have, indeed, been more mixed. Recent strong data, however, have raised the possibility that first quarter growth may have topped the 3.8-per-cent annualized pace that the BOC baked into its April projections.

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