Bank of Canada Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers appearing before the Standing Senate Committee on Banking, Trade and the Economy.
Earlier:
Right after this article, the “you know what” hit the yen, meaning Macklem went on the back burner.
But it sets the stage for a rate cut from the Bank of Canada very soon. Check out this link above for his previous, not-too-subtle hints. Not anymore :
We don’t have to do what the Fed does
- Growth in Canada this year likely to be unstable
- A rate cut would signal that we are on track to return to 2% inflation
- The unemployment rate could rise but we don’t see a recession
cnbctv18-forexlive
