The Bank of Canada continues to hint that higher interest rates are on the horizon, but the head of Sun Life Financial isn’t buying it.
“I think it (a low interest rate environment) is going to last for years. There’s a lot of liquidity, a lot of deleveraging yet to come through the system around the world and that all says to me, low for long,” Dean Connor, president and CEO at Sun Life Financial (SLF-T 23.31 -0.02 -0.09%), tells BNN. “We’re running the business assuming interest rates stay low for long.”
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