Why the differing rate decisons?

Canadian and U.S. central banks share similar concerns on the economy, but chose different paths to stability last month - RBC's Eric Lascelles explains why, and what this means for Canadian investors

Ruth Saldanha 27 August, 2019 | 1:43AM

 

 

Ruth Saldanha: Last month, the U.S. Federal Reserve and the Bank of Canada made rather different rate decisions. The Fed cut rates for the first time in a decade, while the Bank of Canada did not. Both acknowledged decent domestic economic conditions but also expressed concerns about slowing global growth. So, why the differing rate decisions? And what does it mean for Canadian investors? RBC Global Asset Management's Chief Economist Eric Lascelles is here with us today to talk about it.

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Ruth Saldanha

Ruth Saldanha  Ruth Saldanha is Senior Editor at Morningstar.ca

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