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Summary Of Analyst Views Post BoC

  • Many analysts expect rates on hold through 2023.
  • Attention starts to turn to cuts, with some looking for them to start late this year and perhaps slightly earlier than that in National’s case who had looked for no change at the meeting.
  • But it’s not a clean sweep of on hold or cutting – Citi, GS and less so TD acknowledge risk of further tightening. Table below.

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