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Bullish Outlook

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Trend Needle Still Points South

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Risk-On Sentiment Dominates

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MNI (Ottawa)
  • RBC says that while its forecast is for the BOC to hike in April, "today's BOS data would argue that the first increase could come at any time, including in the next policy decision later this month"
  • The BOS (Business Outlook Survey) showed record high views on wage and price inflation, in results gathered before omicron wave
  • "The rapid spread of the Omicron variant and large numbers of workers required to self-isolate are likely only adding to labour shortages in the near-term," RBC says in research note
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com

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