Lates News

Bank of Canada Meeting Minutes: The recent fluctuations in quarterly GDP data highlight the difficulty of assessing the underlying economic trend. The Monetary Policy Committee unanimously believes that the upcoming review of the "USMCA Agreement" trade treaty poses a significant risk. Before the Bank of Canada announces its rate decision on December 10th, the policy-making committee finds it difficult to predict whether the next move will be an interest rate hike or cut. The governing committee is prepared to respond in the event of major new shocks or if data shows a substantial deviation of the economy and inflation from expectations.