Posted AT 12:16 PM EDT on 03/12/04
U.S. producer prices
Interest rates could now stay on hold for the better part of a year as Canada's economy struggles to regain its momentum in the face of a soaring loonie, economists said Friday.
Looking ahead to the bank's Dec. 7 policy statement, few now expect the central bank to deliver another rate increase, particularly after Friday's weaker-than-expected reading on November hiring.
That would leave the central bank's key target for the overnight rate at 2.5 per cent.
The full text of this article has 1258 words.
To continue reading this article, you will need to purchase this article.
Already have a member account? Login now
Pay-Per-View Offers To read the complete article, select one of the following options
Purchasing from globeandmail.com is quick and secure.
| Market | Change | Value |
|---|---|---|
| Data delayed 20 minutes | ||
| S&P/TSX | +156.14 | 14,984.20 |
| DJIA | -5.86 | 12,986.80 |
| S&P 500 | +1.78 | 1,425.35 |
| Nasdaq | -4.88 | 2,528.85 |
| Stock Profile | Sponsored by: |
|---|---|
 |
MOST POPULAR 
Most Popular
| Rank | Headline |
|---|---|
| 1. | Eric Sprott: Short sellers tarnished my IPO 11:50 AM
|
| 2. | Loonie holds above par 4:57 PM
|
| 3. | Saudi raises oil production 1:36 PM
|
| 4. | Sorry Charlie ... you may be for sale 1:40 PM
|
| 5. | Biovail, U.S. settle over Cardizem 5:05 PM
|
| 6. | Judge puts off ABCP ruling 2:41 PM
|
| 7. | Life after Buzz 15/05/08 9:15 PM
|
| 8. | The mind behind the ads 2:00 AM
|
| 9. | Rothmans grows annual profit by 18 per cent 7:43 AM
|
| 10. | AOL sheds its brand to draw specialty audiences 3:07 PM
|
Earlier Discussion
- Tiptoeing through the job interview minefield
- Career coach Cynthia Shapiro on what works and what doesn't
Video Pick
- Market Call
- Energy industry specialist Glenn MacNeill takes questions about Canadian oil and gas stocks
Streetwise Blog
- CC&L sends invites to energy party
- Plus: TSX trading turns blue chip
Incubator video
- Trekking to the top
- Bruce Poon Tip on building the world's biggest adventure travel company
Law Page
- Who's driving the bus here?
- A legal firm's breakup may help determine the roles of lawyers and clients in the age of class actions
Top 40 Under 40
- Honouring bright young leaders
- 'I call these people swans,' awards founder says of winners for 2007
Mathew IngramShould pretending be a crime?
Fabrice TaylorWith Sprott, the funds may be best bet
John HeinzlBullish newsletters versus bearish analysts
Madelaine DrohanRising food prices a 'sudden' crisis 15 years in the making
Marcus GeeThe pointless proposition for a binational Israel