Bank of Canada meet next week - preview (spoiler alert, rates to remain on hold)

Author: Eamonn Sheridan | Category: Central Banks

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

Tuesday the 24th April for the BoC decision. Adam's new house. For real!

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