The Bank of Canada is still clinging to the possibility that its policy rate might need to rise from the current 1% because it is too early to tell whether the housing slowdown will be sustained. It will. We anticipate that this is what will eventually lead to speculation that interest rates might be cut next year.
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