05:34:01 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



Bank of Nova Scotia
Symbol BNS
Shares Issued 1,198,592,774
Close 2017-11-16 C$ 83.99
Market Cap C$ 100,669,807,088
Recent Sedar Documents

FP/wire say TD, rivals hear BOC fine tuning policy

2017-11-17 07:51 ET - In the News

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

The Financial Post reports in its Friday edition that Bank of Canada senior deputy governor Carolyn Wilkins aims to fine tune policy to take account of faster growth without damaging the recovery. A Bloomberg dispatch to the Post reports that Ms. Wilkins, speaking in New York, gave the BOC's most detailed explanation yet about why policy-makers recently turned cautious on the interest-rate outlook, saying one reason is the desire to avoid a potentially costly policy reversal. She said: "Whether it's about how aggressive or how cautious policy should be -- getting the dosage right demands sound judgment about complex trade-offs. Uncertainty is not a reason for paralysis in decision-making." The BOC is trying to figure out how to bring extraordinary monetary stimulus and historically low interest rates to more normal levels, without inadvertently triggering another downturn. Investors anticipate two more hikes by the end of 2018, swaps trading suggests. One argument against rate increases is persistently weak inflation. Ms. Wilkins said the BOC is keeping a close eye on growth as a key gauge of price pressures, instead of noisy inflation readings, as it considers when to raise interest rates again.

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