Free Trial

BOC VIEW: TD Securities write "we argued.....>

CANADA
CANADA: BOC VIEW: TD Securities write "we argued last week that the BoC would
not be able to hike in 2019. Building on that analysis, we are changing our view
for 2020; even with a decent rebound in growth, we now expect the overnight rate
to remain at 1.75% through all of 2020 as well. We believe Governor Poloz when
he says the Bank is data dependent, and experience supports that assertion.
Looking at the recent evolution of the data, near-term risks skew decisively
towards easing. If the BoC moves in 2019, it is more likely to be a cut."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.