Bank of Canada on hold as policy-makers eye Q2 rebound
Strong job growth and recovering business investment contrast with trade tensions
Policy-makers at the Bank of Canada held the policy rate at 1.75% today (May 29) as recent data showed some positive signs and moved in line with expectations.
The central bank’s statement highlighted “continued strong job growth” as a sign that weakness in the past two quarters was temporary. “Recent data support a pickup in both consumer spending and exports in the second quarter, and it appears that overall growth in business investment has firmed,” the statement said.
Meanwhile, inflation
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