Interest-rate reduction predicted
2004-04-23 · Les Twarog & Sonja Pedersen
Sun
TORONTO -- Economic growth this year will disappoint the Bank of Canada and prompt a further reduction in short-term interest rates, CIBC World Markets economist Jeff Rubin predicted Thursday. His statement follows by one day predictions from the merchant bank J.P. Morgan and Toronto-Dominion that the central bank will begin raising rates because of a rising economy here and in the United States.© The Vancouver Sun 2004