The Bank of Canada is likely to upgrade its GDP growth forecasts in its new Monetary Policy Report, but we think that its expectations will prove too optimistic. While Governor Stephen Poloz may reiterate that the Bank will not slavishly follow the US Fed, we nevertheless expect the Bank to cut interest rates later this year.
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 gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services