BoC repeats will "remain cautious in considering future policy adjustments", guided by incoming data

Market news

7 March 2018

BoC repeats will "remain cautious in considering future policy adjustments", guided by incoming data

Q4 GDP slower than expected due to higher imports; 2017 gdp in line with bank's projection
New U.S. Govt spending, tax cuts expected to boost U.S. growth in 2018, 2019; global growth "solid and broad-based"
Will take time to fully assess impact of regulations on housing demand, prices
Wage growth has firmed but is lower than typical in an economy with no labor market slack
Implications of federal government budget will be incorporated into forecasts in april
Core inflation measures have edged up, consistent with an economy operating near capacity
Data shows pulling forward of housing demand ahead of new mortgage rules, other measures

China has been asked to develop a plan for the year of a One Billion Dollar reduction in their massive Trade Deficit with the United States @realDonaldTrump

The Bank of Canada today maintained its target for the overnight rate at 1 1/4 per cent

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