An interest rate hike this summer?

Globe and Mail-Don’t count on it. For the Bank of Canada to raise rates before the middle part of 2011 would be totally inconsistent with its current forecast. Canadian market watchers will get some good news this week.

The predictions for a "blowout" reading on fourth-quarter GDP are already out there and it is likely to be an abnormally strong number. But for anyone who thinks a big number is likely to help lock in a rate hike this summer, I would suggest that is not going to happen. In fact, my view is that the Bank of Canada will not be raising rates until mid-2011 – at the earliest…

An interest rate hike this summer? – The Globe and Mail

GDP data expected to show decline slowing

 Times Colonist, Victoria, BC – “Nevertheless,” he said, “April is going to show that the pace of economic contraction is slowing in Canada. So that’s good news and it is a base to start recovering, which in our view is going to happen later in the year.”

GDP data expected to show decline slowing

Week’s data will show depth of declines in early 2009

 Ottawa Citizen, Ottawa, Ont – After four straight month-to-month declines of GDP in Canada – most recently a contraction of 0.7 per cent in January – some feel the economy was at least flat or even slightly ahead in February…

Week’s data will show depth of declines in early 2009

GDP falls for third straight month in January

 CTV.ca – Canada – I suspect that by June or July, when the economy has contracted further, Harper will finally admit that Canada is not as well off as he has led us to …

CTV Toronto – GDP falls for third straight month in January – CTV News, Shows and Sports — Canadian Television

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