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Canada’s lagging economy means the Bank of Canada may have to cut interest rates before its American counterpart, a divergence that could bring further consequences, says the chief executive of National Bank of Canada.
Laurent Ferreira said with the U.S. economy growing at close to two per cent and Canadian growth stagnating, the countries’ respective central banks could end up on different timelines for lowering interest rates.
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Harry Miller is a writer and editor based in Toronto who has Ten years of experience in the journalism industry. Before coming to Canada News Media as a National Online Journalist, Miller worked as a senior writer and a reporter-editor with the Canadian Press and a breaking news reporter with the Toronto Star. Miller currently holds two bachelor’s degrees, one in journalism from Ryerson University and another in communications and film studies from Carleton University.
