Canada Economics Update Bank of Canada remains on the side lines The Bank of Canada gave no indication in today’s policy statement that it was considering an interest rate cut, even though it lowered its projections for GDP growth and now doesn’t expect the economy... 19th October 2016 · 1 min read
Canada Economics Update Business outlook improves, but still relatively weak The Bank of Canada’s Autumn Business Outlook Survey shows that the drag from the collapse in crude oil prices last year is finally fading. However, there are still few signs that the recovery will be... 7th October 2016 · 1 min read
Canada Economics Update Bank of Canada opens door to rate cut The Bank of Canada issued a relatively dovish statement today, warning that “risks to the profile for inflation have tilted somewhat to the downside since July”. 7th September 2016 · 1 min read
Canada Economics Update Bank of Canada cuts GDP growth forecast The Bank of Canada shocked no-one with its decision to leave its key policy rate unchanged at 0.50% today, but we still anticipate that it will eventually be forced to cut rates again, probably in the... 13th July 2016 · 1 min read
Canada Economics Update Bank of Canada less optimistic on economy Despite a serious downgrade to its views on second quarter economic activity, the Bank of Canada opted to hold interest rates at 0.50% today and to remain neutral on the rate outlook, clinging to its... 25th May 2016 · 1 min read
Canada Economics Update Bank of Canada will cut rates later this year The Bank of Canada’s decision to hold interest rates at 0.50% and to remain neutral on the rate outlook was largely in response to the improvement in economic growth early this year, fiscal stimulus... 13th April 2016 · 1 min read
Canada Economics Update Rebound in business intentions unconvincing The Bank of Canada's first-quarter survey on business intentions suggests that the worst might be over for Canada’s struggling economy, but we don’t anticipate any significant improvement this year... 1st April 2016 · 1 min read
Canada Economics Update Federal stimulus budget won’t boost economy The 2016 Federal budget delivered today provides only a modest fiscal stimulus response to the flagging economy. Despite the more dismal GDP growth outlook this year, policymakers weren’t comfortable... 22nd March 2016 · 1 min read
Canada Economics Update Bank of Canada interest rate cut still on the table The Bank of Canada’s decision to hold its key policy rate at 0.50% today doesn’t mean that further rate cuts are off the table, as it depends on the details of the forthcoming Federal stimulus budget... 9th March 2016 · 1 min read
Canada Economics Update Bank of Canada surprises market with no rate cut The Bank of Canada’s decision to hold its key policy rate at 0.50% today doesn’t mean that further rate cuts are off the table entirely. The Bank sounded far more downbeat about the economic outlook... 20th January 2016 · 1 min read
Canada Economics Update Business hiring intentions warn of full-blown recession The Bank of Canada's fourth-quarter update on business intentions suggests that the economy is slipping back into recession, with shrinking investment soon to be accompanied by a downturn in... 11th January 2016 · 1 min read
Canada Economics Update Bank of Canada remains neutral on rate outlook The Bank of Canada’s decision to leave its policy rate at 0.50% today was as expected given that the economy returned to positive growth in the third quarter. Although it believes economic growth will... 2nd December 2015 · 1 min read
Canada Economics Update Growing labour market slack to restrain core inflation Recent headline employment gains mask a deterioration in underlying labour market conditions. If, as we fear, the economy continues to struggle in response to the worsening oil price slump, then... 10th November 2015 · 1 min read
Canada Economics Update Bank of Canada turning more dovish The Bank of Canada’s decision to hold its policy rate at 0.50% was as expected given that the economy most likely returned to positive growth in the third quarter. The uncertain outlook, however... 21st October 2015 · 1 min read
Canada Economics Update Liberal fiscal plan may lift growth modestly The Liberal party’s surprise majority Federal election victory has been shrugged off by financial markets, which is a good thing considering the already uncertain economic outlook. The Liberals pledge... 20th October 2015 · 1 min read
Canada Economics Update Rising business confidence unlikely to convince BoC The Bank of Canada's third-quarter Business Outlook Survey showed that more businesses are betting on an improving US economy and a cheaper loonie to lift Canada’s economy out of its oil induced slump... 9th October 2015 · 1 min read
