BoC will cut interest rates to zero says Fidelity

BoC will cut interest rates to zero says Fidelity

BoC will cut interest rates to zero says Fidelity Fidelity Investments economist David Wolf believes that the Bank of Canada will eventually cut interest rates to zero. Wolf was a BoC adviser under Mark Carney and says that weak investment is being caused by the lower oil prices and a currency that is still too strong. He says that most other economies in the developed world at zero per cent for a reason.