01:56:31 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Bank of Nova Scotia
Symbol BNS
Shares Issued 1,201,864,902
Close 2017-05-24 C$ 75.64
Market Cap C$ 90,909,061,187
Recent Sedar Documents

FP/CP say CIBC, rivals see BOC stand pat on rates

2017-05-25 08:36 ET - In the News

See In the News (C-CM) Canadian Imperial Bank of Commerce

The Financial Post reports in its Thursday, May 25, edition that uncertainties continue to obscure the economy's stronger-than-expected start to the year, the Bank of Canada said Wednesday as it stuck with its trendsetting interest rate of 0.5 per cent. A Canadian Press dispatch to the Post reports that in explaining its decision to hold the rate, the BOC once again highlighted weak wage growth and the slowing pace of inflation as examples the economy still has room for improvement. For balance, the BOC's scheduled rate announcement pointed to the surprisingly healthy start to the year in areas such as employment, consumer spending and the housing markets. In Wednesday's statement, the bank added better business investment numbers to the list. It said: "Recent economic data have been encouraging. Consumer spending and the housing sector continue to be robust on the back of an improving labour market, and these are becoming more broadly based across regions." The BOC's statement also said while recent government policy measures on real estate have contributed to more sustainable outlooks for household debt, the rules have yet to have a substantial cooling effect on hot housing markets.

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