RE:Interest Rates Not Coming Down Any Time Soon Says BOCThey'll lower them if fhey have to - it's never a planned activity - it's reactionary.
So what every they say now, is menaingless.
If things get ugly economically and if lower rates will help reduce the ugly, they will lower - like they always have.
The BOC is a reactionary bunch that only apply the lever after the horse has left the barn - and that means up or down.