Canada

How the current stance of the Bank of Canada could be determined, following the recent interest rate hike?

The recent run of Canadian strong economic figures was hard to ignore, as the Bank of Canada’s policy decisions are also a data-dependent, especially with the economy outperforming the Bank’s base case since October 2017.

The BoC raised rates to 1.25% from 1.00% last week, as solid employment growth and more solid inflation dampened the pressure of NAFTA unclarities.

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