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
Bank of Canada Watch Economic growth outlook likely to be downgraded We don't expect the Bank of Canada to make any major changes in next week's policy statement (Wednesday, 23rd October). While weak exports and business confidence are likely to have prompted some... 16th October 2013 · 1 min read
Bank of Canada Watch Bank still pinning hopes on an unlikely export-led recovery The Bank of Canada is unlikely to make any major changes in its upcoming policy announcement next Wednesday (4th September), but the recent surge in Canadian long-term interest rates could prompt the... 28th August 2013 · 1 min read
Bank of Canada Watch New Governor may take bold step forward Despite stronger economic data, there are good reasons to expect a more supportive policy statement next week. Although the new Governor Stephen Poloz has said nothing recently that indicates the Bank... 10th July 2013 · 1 min read
Bank of Canada Watch Tightening bias will soon become unnecessary The outgoing Governor Carney's last scheduled statement next week (May 29th) is unlikely to hint at any shift in policy. Nor do we believe that his replacement Stephen Poloz, due to take over next... 24th May 2013 · 1 min read
Bank of Canada Watch Bank edging closer to neutral We don't anticipate any major changes from the Bank of Canada at Governor Mark Carney's penultimate policy meeting next Wednesday (April 17th), but the Bank will be forced to admit in the accompanying... 10th April 2013 · 1 min read
Bank of Canada Watch Don't rule out future interest rate cuts The FDIC’s banking profile for the fourth quarter of last year shows that US banks are well placed to continue boosting lending to both firms and households. At the same time, there is not much... 26th February 2013 · 1 min read
Bank of Canada Watch Tightening bias will be dropped before year end We expect the Bank of Canada to continue justifying its tightening bias next week on the basis of high household debt. Before year end, however, we expect the Bank to drop talk of rate hikes. The weak... 16th January 2013 · 1 min read
Bank of Canada Watch Next move in rates more likely to be down than up We expect the Bank of Canada to stick with its tightening bias in next week’s policy statement and through the early stages of next year, before removing it completely by early March. By then we... 28th November 2012 · 1 min read