Bank of Canada chief more confident in recovery

Posted by 7Star Saturday, January 23, 2010

Canada's economy is on track to recover this year and the outlook has improved since October, the Bank of Canada said on Thursday, while giving few hints on how soon it will start raising record-low interest rates. Bank Governor Mark Carney told Canadians to prepare for an eventual return to "normal" interest rates from the key rate's historically low 0.25 percent level, but kept markets guessing about the timing of his exit strategy.

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