Bank of Canada meet next week - preview (spoiler alert, rates to remain on hold)
Tuesday the 24th April for the BoC decision.
The background to the meeting is the Canadian economy softer:
- oil production cuts
- slowing housing market
- record-high household debt-to-income ratio
- China - US trade war impacts (on exports)
- spilling over into softer business sentiment, and also softer consumer sentiment
Economists polled by Reuters are unanimous for an 'on hold' decision
- 90% of those polled see rates unlikely to be lowered through to the end of 2020
Adam's new house. For real!