Salient to Investors:
Bank of Canada Governor Mark Carney said economic slack will persist for more than two years and monetary stimulus will continue for a period of time.
Derek Holt at Bank of Nova Scotia said the shine has started to come off the Canadian economy, and policy makers are signaling aggressively they are not entertaining a rate cut and rates are not going anywhere for a long time.
The IMF says Canada is the slowest-growing G-20 country outside Europe.
Ric Palombi at McLean & Partners Wealth Mgmt said Canadian economic numbers are not good and the outlook is for more of the same.
Read the full article at http://www.bloomberg.com/news/2013-04-17/carney-keeps-rate-increase-bias-while-chopping-forecast.html
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