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Any Bank of Canada decision on a possible rate hike is less about a timeline and more about conditions
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Macklem notes that core inflation has ticked down
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Bank would also look at inflation expectations when mulling a possible rate hike
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Weakness of Canadian economy tends to put downward pressure on prices
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Canadian economy is not clearly in a recession
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Economy hasn’t really grown in the last year but it hasn’t shrunk either
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Bank of Canada senior deputy governor Carolyn Rogers says risks to the economy are about where we saw them last time
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BOC’s Rogers: We’ve got the rate where we think it needs to be right now
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Even with a successful USMCA review, you can’t be certain about anything
This article was written by Adam Button at investinglive.com.
SOURCE LINK : BOC's Macklem: Not a lot has changed since last decision, there haven't been big surprises
