Some analysts think we’ll see a cut before a hike
OTTAWA — A top Bank of Canada official says doubts raised this week about future interest-rate hikes came after the central bank’s governing council was caught off guard by surprisingly weak economic data.
But Patterson says governing council members had not been anticipating Statistics Canada’s economic report last Friday to show a sudden deceleration in other categories as well. She says the decision-makers were confronted by unexpectedly soft numbers in the areas of business investment, exports and household spending.
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