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The New "Normal" for Interest Rates in Canada: The Implications of Long-Term Shifts in Global Saving and Investment

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May 29, 2013

How far and how fast Canada’s record-low interest rates will rise in the coming years is a vital question for consumers and businesses. In “The New “Normal” for Interest Rates in Canada: The Implications of Long-Term Shifts in Global Saving and Investment,” authors Paul Beaudry and Philippe Bergevin find that the normal or “neutral” rate is likely lower than its historical average, and likely will remain at relatively lower levels over the next decade.

 

Author(s):

Paul Beaudry, Professor of Economics, University of British Columbia
Paul Beaudry
Philippe Bergevin

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