Interest rates will likely come down next year, Royal Bank CEO Dave McKay said as the Bank of Canada held rates at five per cent. Read on.
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“We should be fine,” McKay said Sept. 6 at the Scotiabank Financials Summit. “We have lots of room to manage a soft landing here and we expect that to happen.”THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYExclusive articles by Kevin Carmichael, Victoria Wells, Jake Edmiston, Gabriel Friedman and others.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
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RBC CEO says interest rates to come down next year, allowing for soft landingInterest rates will likely come down next year, Royal Bank CEO Dave McKay said as the Bank of Canada held rates at five per cent. Read on.
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Bank of Canada holds interest rates: Read the official statementThe Bank of Canada held interest rates on Sept. 6, keeping its key policy rate at 5%. Read the central bank\u0027s official statement here.
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