Stall speed, holding pattern
from Macro Minutes
The Canadian economy is at stall speed and the BoC is in a holding pattern. There has been no GDP growth and anemic employment gains over the last year – amid the dual forces of a population and trade shock. The consumer has actually been quite resilient in the face of these shocks. While the starting point should keep the BoC on hold for the rest of the year, better prospects for growth are ahead and this should see the BoC delivering hikes in 2027. Listen for more detailed views on the Canadian economy and fixed income markets in the coming quarters. Participants: Jason Daw (Desk Strategy), Head of North America Rates Strategy Simon Deeley (Desk Strategy), Canadian Rates Strategist * Research Analyst opinions are their published views, independent of those expressed by Desk Analysts
Embed this episode
No transcript yet.