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Expert Advisory - Bank of Canada interest rate

Wednesday, July 11, 2018
The Bank of Canada is expected to raise its interest rate today. The University of Waterloo has an expert available to talk about the impacts of the BOC’s decision and what that could mean for Canadians.
 
Jean-Paul Lam – Economics
Jean-Paul Lam is an Associate Professor of Economics at Waterloo and was formerly an assistant chief economist at the Bank of Canada. His research interests and expertise focus on central banking and monetary policy. 
 
“With inflation running above two per cent and with an economy operating at full capacity, markets expect the  Bank of Canada to increase its overnight rate by 0.25% today. Faced with the growing  uncertainty coming from NAFTA and trade with the U.S, the Bank is expected to take a measured and prudent approach to increases in its overnight rate.”
 
- Jean-Paul Lam 
 

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About the University of Waterloo

University of Waterloo is Canada’s top innovation university. With more than 36,000 students we are home to the world's largest co-operative education system of its kind. Our unmatched entrepreneurial culture, combined with an intensive focus on research, powers one of the top innovation hubs in the world. Find out more at uwaterloo.ca.

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Media Contact:

Matthew Grant
University of Waterloo
226-929-7627
www.uwaterloo.ca/news
@UWaterlooNews

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