BOC sees "clearer signs that monetary policy is moderating spending and relieving price pressures" BOC repeated that it " is prepared to increase the policy interest rate further if needed" Sees inflation returning to 2% at the end of 2025 vs "mid-2025" previously The global economy is slowing and growth is forecast to moderate further as past increases in policy rates and the recent surge in global bond yields weigh on demand Weaker demand and higher borrowing costs are weighing on business investment The surge in Canada’s population is easing labour market pressures in some sectors while adding to housing demand and consumption The labour market remains on the tight side and wage pressures persist a range of indicators suggest that supply and demand in the economy are now approaching balance The BOC projects global GDP growth of 2.9% this year, 2.3% in 2024 and 2.6% in 2025, little changed from previously Growth in the euro area has slowed further BOC expects the Canadian economy to grow by 1.2% this year, 0.9% in 2024 and 2.5% in 2025
%% HAVE NOT looked @ Canadian dollar or lumber lately ; but Canada canned fish got the bids lowered on them @ WMT LOL Could be the inverse buy of USa - LBR joke\ ; sell\never bring home a $199 can of sardines LOL.