In a Q&A session following his speech to a business audience in Halifax, Nova Scotia, Bank of Canada (BoC) Deputy Governor Lawrence Schembri said that interest rates are going to remain relatively low and stable. “The bank can reduce interest rates to a negative number if need be, that would be an extreme situation,” Schembri stated. Schembri further added that the BoC was currently reviewing its tool kit to address the next downturn and noted that they were paying close attention to commodity prices. These comments don’t seem to be having a significant impact on the Loonie. As of writing, the USD/CAD pair was up 0.15% on a daily basis at 1.3245. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/GBP technical analysis: Euro tumbles to its lowest since late July against Sterling FX Street 4 years In a Q&A session following his speech to a business audience in Halifax, Nova Scotia, Bank of Canada (BoC) Deputy Governor Lawrence Schembri said that interest rates are going to remain relatively low and stable. "The bank can reduce interest rates to a negative number if need be, that would be an extreme situation," Schembri stated. Schembri further added that the BoC was currently reviewing its tool kit to address the next downturn and noted that they were paying close attention to commodity prices. These comments don't seem to be having a significant impact on the Loonie. As of writing,… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
