Bank of Canada’s Schembri steers clear of comments on the economy

Bank of Canada deputy Lawrence Schembri delivers a speech on pension funds and financial stability.

  • Interest rates likely to remain low for an extended period as the world recovers slowly
  • Pension funds well suited to holding less-liquid investments like real estate, private equity and infrastructure

Nothing to see here, move along.

That clears off the calendar for US traders until Yellen speaks in about 6 hours.

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