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Bank of Canada: We’re Really Going Through It Right Now - Integrated Mortgage Planners
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Bank of Canada: We’re Really Going Through It Right Now - Integrated Mortgage Planners
The Bank of Canada (BoC) held its policy rate steady last week, as expected. The Bank’s accompanying communications offered a decidedly dovish assessment of our current economic backdrop. In his Press Conference Opening Statement, BoC Governor Macklem candidly assessed that our economy is “dealing with a lot”. He noted slower growth, “weak” housing markets, a “soft” labour market, and “volatile” trade that has led to weakness in exports. These t…
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