Historical Central Bank Rate for US and Canada Watch Predictions

Historical Central Bank Rate for US and Canada Watch Predictions

These are the predictions of the US versus Canadian Bank Rates over the next 12 months and historical bank rates graphed over the past 8 years.

• Weaker U.S. growth and the strong Canadian
dollar are posing downside risk to Canada's economy
and have prompted the Bank to cut interest
rates by a cumulative 50 basis points in December-
January.

• Another 100 basis points in rate cuts are expected
by mid-year to offset the downside risks and
help the economy weather the market turmoil.
Bank of Canada

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A. Mark Argentino
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