January 5th - 2010

MARKET WATCH: Bank of Canada rates hold in 2010: poll

The Bank of Canada will most likely keep its promise to hold the key interest rate at near-zero levels through the second quarter of 2010 according to a recent Reuters poll of Canada's primary securities dealers.

The Bank of Canada will most likely keep its promise to hold the key interest rate at near-zero levels through the second quarter of 2010 according to a recent Reuters poll of Canada's primary securities dealers. Most dealers surveyed also saw only a small chance the central bank would intervene in currency markets or introduce some form of quantitative easing – in effect, printing money to buy market securities – at some time over the next 12 months.

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