The following is excerpted from the 20 July 2011 edition of Moneyville.

Bank of Canada Governor Mark Carney is hinting that he can’t wait too much longer before the central bank begins to end the era of extra-low borrowing costs in Canada.

Citing slow United States economic growth and the risks from the spreading debt crisis in Europe, the Bank announced as expected Tuesday that it would keep its influential overnight interest rate at 1 per cent...

This article is available in its entirety on the Moneyville website at:

http://www.moneyville.ca/article/1026917--can-t-wait-too-much-longer-to-raise-borrowing-costs-carney

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