Canada Economics

Canada Economics Weekly

6 June, 2011

Budget unlikely to differ much from first version

If the Bank of Canada was trying to hint in last week’s statement that a rate hike might be on the way then that message was largely drowned out by the unrelenting flow of weak economic data coming out of the US. All things considered, we still anticipate that the Bank of Canada will leave its key policy rate unchanged at 1.0% for a lot longer than the conventional wisdom suggests. 

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