Canadian economy grows 5%, tops forecasts
Filed Under Main Content · Tagged: Bank Montreal, Bank Of Canada, Bank Of Montreal, Burst, Canadian Economy, Deputy Chief Economist, Douglas Porter, Fourth Quarter, Globe And Mail, Globe Mail, Gross Domestic Product, Interest Rate Decision, Interest Rate Hikes, Interest Rates, Likelihood, Montreal Canadian, Odds, S Gross, Second Half, Statistics Canada
Globe and Mail- The Canadian economy expanded by a greater-than-expected 5 per cent in the fourth quarter, raising the likelihood of interest rate hikes later this year.
The country’s gross domestic product grew at the fastest annualized pace since the third quarter of 2000, Statistics Canada said Monday.
The economy’s burst boosts the odds of a string of rate hikes in the second half of the year. The Bank of Canada announces its interest-rate decision tomorrow, and while rates are on hold for now, the tone of the announcement could well acknowledge that growth is picking up speed at a faster pace than anticipated.
“This report shouts strength, and increases the odds the Bank of Canada will begin to hike interest rates in July and stay on that path in the following decisions,” said Douglas Porter, deputy chief economist at Bank of Montreal…
Canadian economy grows 5%, tops forecasts – The Globe and Mail
CANADA FX DEBT-C$ hits 2-week high, bonds surge after Fed
Filed Under Main Content · Tagged: Bank Canada, Bank Of Canada, Bonds, Fx, Markets News, Nbsp, Odds, Quantitative Easing, Reuters, Swoon
Reuters – USA – “It probably increases the odds of the Bank of Canada doing some kind of quantitative easing as well. So I’m not sure that the swoon in the (US) dollar …
CANADA FX DEBT-C$ hits 2-week high, bonds surge after Fed | Markets | Markets News | Reuters
