Canada Economics

Canada Economics Weekly

3 August, 2018

Odds of a H2 interest rate hike increase

Although May’s strong GDP growth partly reflected a rebound from earlier weakness, it was nevertheless encouraging and June’s trade data suggest that the economy ended the second quarter on a high note. With July’s Markit manufacturing PMI also suggesting that both economic growth and inflation could be stronger than the Bank of Canada expects, the odds of another interest rate hike this year have increased.

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