October 2013

Found 1 blog entry for October 2013.

Most of the world’s economic attention is focused on the United States and the literal cat fight going on in Congress over a government shut down and the raising of that country’s debt limit. But Canada is making news of its own on the economic front. Rather than have the interest rates boosted sometime in 2014, ScotiaBank has hinted that increase won’t come until 2016.

Economists are divided over the benefits of this outcome as well as exactly how close to 2016 the raise in interest rates will come. Most of those in the know are thinking the rates will probably go up by the end of 2014 or in the early part of 2015. Only a few are on board with the ScotiaBank’s prediction/statement.

The actual date of the increase will be determined by economic

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