MNI BRIEF: Canada Debt Management Strategy Highlights

CANADA BUDGETS 2024-25 DEFICIT OF CAD39.8B OR 1.3% OF GDP

MNI BRIEF: BOC's Macklem - Inflation Moving In Right Direction

MNI INTERVIEW: IMF's Adrian Warns Of Inflation Risk To Markets

MNI EM China Daily Summary: Tuesday, April 16

MNI BRIEF: Industrial, Service Rebound Buoys China's Q1 GDP

AUDUSD Falls To Fresh 5-Month Low, USDMXN Rises Above 17.00

EZ/UK Bond Supply Calendar: Greece, Italy, UK, Germany Wednesday

EZ/UK T-Bill Calendar: Portugal, EU Auction Wednesday

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Brief Sell-Side Analyst Overview #4: Wed BoC Policy Annc

CANADA

RBC:RBC anticipates liftoff in April, 2022 and expect the BoC to reiterate, "barring significant further disruptions from the new virus variant, the economy is on track to fully recover by mid- 2022."

  • Conditions in the economy have unfolded broadly in line with the central bank’s expectations, with labour markets continuing to improve and inflation running well above the central bank’s target albeit at rates broadly in line with previous projections.
Scotiabank: Steady at 0.25 for now, Scotiabank will be listening carefully to Deputy Governor Toni Gravelle's economic progress report on Thursday.
  • "Perhaps exit guidance will once again be Gravelle’s focus this time around, in which case I would watch for refreshed guidance on reinvestment and maybe asset sales."
  • As for the statement and Gravelle’s broader guidance, the best course of action for the BoC is likely to play it safe in a short and sweet statement that defers deeper thoughts to the next meeting on January 26th 2022 which will be a full meeting including a Monetary Policy Report containing fresh forecasts.
Homepage Bank of Canada Market NewsBulletMarketsFixed Income BulletsForeign Exchange BulletsCanada

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.