Bank of Canada maintains overnight rate target at 1 per cent

[herefishyfishy]

Bank of Canada maintains overnight rate target at 1 per cent

Link:
Bank of Canada maintains overnight rate target ...- 2010- Press Releases- Publications and Research- Bank of Canada

[herefishyfishy]

A few excerpts:

The global economic recovery is entering a new phase. ... temporary factors supporting growth in 2010 ... have largely run their course and fiscal stimulus will shift to fiscal consolidation over the projection horizon.

Heightened tensions in currency markets and related risks associated with global imbalances could result in a more protracted and difficult global recovery.

The economic outlook for Canada has changed. The Bank expects the economic recovery to be more gradual than it had projected in its July Monetary Policy Report

Inflation in Canada has been slightly below the Bank’s July projection.

At this time of transition in the global recovery, ... any further reduction in monetary policy stimulus would need to be carefully considered.

[herefishyfishy]

In the Bank of Canada press release linked above (October 19, 2010), there are also a couple of key mentions of the current U.S. economic position. Whether or not we are as dependent on them as compared with the past, it seems that their economic influence still plays a large part in the "global economic recovery" that we have been hearing so much of lately.

[big_bubba_B]

the americans will never get out of debt the only thing they can do is go bankrupt and start over again . after the american people got screwed with those sub prime loans and the people who did it will never be punished infact they paid there top executives bonuses , plus there is no pentions at all for police and firemen at all in a few states all i can recall is california and illinois it will get much worse before it does get better maybe when our childrens childrens children u might see a turn around but now it is a bad but . in a good point all those who live in alberta and sask will be some what good . because the major resources for these provinces are sought after and are strong in the stock market . oil.gas,minerals, and grains . china . japan and some other countrys wanna expand and grow

[BigFatLyre]

I looked at five U.S. areas where the housing inventory is four years. (four months inventory in a good economy is considered a disaster). And if those same people stop buying cars Ontario is going to really start hurting. It's going to be a long time before the U.S. is rocking again.