The Bank of Canada's policy statement this morning showed that it remains confident in its optimistic growth outlook and believes that the January rate cut was enough insurance against the oil price shock. We, however, doubt it and anticipate the economy will continue to struggle, with additional rate cuts expected before year end.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services