Bank of Canada held its interest rate unchanged at 4.5 per cent at its March 8 policy decision. Read what the economists say
Jay Zhao-Murray, FX analyst,Monex Canada
we agree with market expectations that the risk of a resumption to the hiking cycle is largely isolated to the June meeting “The issue is that this hasn’t played out in the broader economy. There has been a significant upswing in the jobs market, with employers hiring at a breakneck pace. This is happening alongside a massive surge in government payouts to households, filling the wallets of Canadians and sending them on a spending spree. This is juicing the economy at a time when the BoC needs to see the opposite.
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