Economists Push Back Canada Rate-Cut Forecasts After Jobs Data
02/10/2024 10:03
Friday’s stronger-than-expected jobs report led some of the country’s more dovish forecasters to revise their views on when they think the Bank of Canada will starting cutting interest rates.
Friday’s stronger-than-expected jobs report led some of the country’s more dovish forecasters to revise their views on when they think the Bank of Canada will starting cutting interest rates.
Capital Economics’ Stephen Brown and Desjardins Securities’ Royce Mendes joined the consensus of economists in a Bloomberg survey who see the central bank lowering its policy rate at its June 5 decision. Previously, both firms were expecting a cut in April.