Strategist: The Bank of Canada is trying to keep multiple options open.
Andrew Kelvin, Managing Director of Rates Strategy at TD Securities Canada and globally, said, "The Bank of Canada is very wisely trying to leave as many options open as possible." He pointed out, "It is very clear to me that the Bank of Canada is still unwilling to declare that the worst is over. Despite strong employment data, there are still some things worth noting. The Bank of Canada is not panicking, but they also do not believe the economy has completely escaped danger, so they are just trying to take a balanced approach."
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