Bank of Canada Watch Bank likely to cut interest rates next week We expect the Bank of Canada to cut its key policy rate by 25 basis points to 0.25% next week, which is much sooner than most investors anticipate. The incoming data suggest that the economy... 13th January 2016 · 1 min read
Bank of Canada Watch Bank still putting faith in export-led recovery We expect the Bank of Canada to hold its key interest rate 0.50% next week and remain neutral on the direction of its next potential move. While highlighting the further slide in oil prices as a... 25th November 2015 · 1 min read
Bank of Canada Watch Bank likely to be more guarded against global risks We expect the Bank of Canada to hold its policy rate at 0.50% next week and retain its neutral stance on the rate outlook. The incoming data indicate that third-quarter GDP growth was stronger than... 14th October 2015 · 1 min read
Bank of Canada Watch Bank unlikely to cut rates next week We expect the Bank of Canada to hold rates at 0.50% at next week’s policy meeting and provide few indications that additional cuts will be needed this year. Nevertheless, we still think that a third... 3rd September 2015 · 1 min read
Bank of Canada Watch Get ready for interest rate cut(s) Facing a larger than previously expected fallout from the oil price shock and a still misfiring manufacturing sector, there is a very strong chance that the Bank of Canada will cut rates from 0.75% to... 8th July 2015 · 1 min read
Bank of Canada Watch January interest rate cut likely not enough At next week's policy meeting we expect the Bank of Canada to keep its policy rate at 0.75%. Tighter financial conditions over the past month, however, may have it second guessing whether or not the... 20th May 2015 · 1 min read
Bank of Canada Watch Oil price slump unlikely changes neutral rate outlook As a large net oil exporter, the slump in the price of oil is a worrisome downside risk to Canada's economic outlook, which will be offset only partially by the sinking Canadian dollar. For the time... 14th January 2015 · 1 min read
Bank of Canada Watch Higher core inflation doesn't change rate outlook The rise in core inflation further above target doesn't change the interest rate outlook, since that increase mainly reflects the temporary effects of a weaker currency, which the Bank believes will... 26th November 2014 · 1 min read
Bank of Canada Watch Bank sitting on the fence At next week's policy meeting we expect the Bank of Canada to remain neutral on the direction and timing of the next move in its policy rate. Although core inflation has rebounded sooner than the Bank... 15th October 2014 · 1 min read
Bank of Canada Watch Export rebound won't prompt a shift in neutral stance We expect the Bank of Canada to retain its neutral interest rate bias in next week's policy statement. Although exports have rebounded surprisingly well, the Bank's Governor doesn't seem convinced... 27th August 2014 · 1 min read
Bank of Canada Watch Bank unlikely to be panicked by higher inflation readings We expect the Bank of Canada to retain its neutral interest rate bias in next week's policy statement. Although inflation has been firmer than the Bank had originally expected, this is partly because... 9th July 2014 · 1 min read
Bank of Canada Watch Higher inflation won’t prompt a shift in neutral stance We expect the Bank of Canada to retain its neutral interest rate bias in next week's policy statement. Although inflation has been firmer than the Bank had expected, due to higher energy prices and... 28th May 2014 · 1 min read
Bank of Canada Watch Bank to remain on the sidelines for time being We anticipate that the Bank of Canada will retain its neutral bias on rates in next week's policy statement, although some dovish tweaks might surprise markets. Economic growth remains unbalanced... 9th April 2014 · 1 min read
Bank of Canada Watch Bank to maintain neutral stance The Bank of Canada's key policy rate has been on hold at 1.0% for more than three years now. With inflation still uncomfortably low and economic growth still overly-dependent on debt-fuelled housing... 26th February 2014 · 1 min read
Bank of Canada Watch Bank likely to stick with neutral policy stance The Bank of Canada is likely to stick with its neutral stance in next week's policy statement. But with its hopes of a pick-up in exports still unfulfilled and residential investment likely to re... 15th January 2014 · 1 min read
Bank of Canada Watch Bank likely to pause before signalling policy easing Following the downgrading of its economic outlook and dropped tightening bias, the recent economic data have been just about strong enough to allow the Bank of Canada to stand pat at next week's... 27th November 2013 · 1 min read
