If the Bank of Canada was trying to hint in last week's statement that a rate hike might be on the way then that message was largely drowned out by the unrelenting flow of weak economic data coming out of the US. All things considered, we still anticipate that the Bank of Canada will leave its key policy rate unchanged at 1.0% for a lot longer than the conventional wisdom suggests.
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