Why interest rates are going nowhere fast

October 10th, 2010
By Michael BabadGlobe and Mail UpdateOctober 8th, 2010Bank of Nova Scotia expects short-term borrowing costs to remain at ultra-low levels well into next year as the global economy moves into a "slower lane of growth." In a new forecast, Scotiabank economists, like others, say the rebound that began midway through last year has lost "considerable momentum," notably in major industrialized co ...