Original article by Patrick Commins
The Australian Financial Review – Page: 28 : 8-Sep-17
Vimal Gor of BT Investment Management says the Bank of Canada’s decision to increase official interest rates for the second time in 2017 has no implications for the Reserve Bank of Australia. However, Annette Beacher of TD Securities says both central banks have expressed similar views on their nations’ respective economies in recent monetary policy statements. Canada and Australia both have low inflation, low growth in wages, high household debt and high exchange rates, but a key difference is Canada’s much stronger growth in real GDP.
BANK OF CANADA, RESERVE BANK OF AUSTRALIA, BT INVESTMENT MANAGEMENT LIMITED – ASX BTT, TD SECURITIES, ALTIUS ASSET MANAGEMENT PTY LTD, BLOOMBERG LP