After a long period of disappointment, the recent pick-up in global manufacturing activity points to a rebound in non-commodity export growth in the coming months. We think it would take a marked sustained improvement over several months, however, before the Bank of Canada would seriously reconsider its dovish stance on the state of the economy and the need for monetary policy to remain highly accommodative.
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