Bay Street thinks Macklem will cut rates to counter a recession in 2023: Bank of Canada survey — via financialpost
By convention, the market consensus is the median estimate of analyst forecasts. At the end of 2022, the median estimate of 28 of the 30 financial institutions in the survey has the benchmark unchanged at 4.5 per cent through July, and then breaking to four per cent by the end of the year.
on the economy in January. The median estimate of market participants was that gross domestic product would decline 0.4 per cent in 2023, while the central bank sees growth of one per cent this year.Article content
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The Week Ahead: Macklem speaks at first event after rate hike; latest jobs data - BNN BloombergA look at what investors will be watching in the upcoming week.
Read more »
Will the Bank of Canada cut interest rates this year? What market watchers are saying - National | Globalnews.caAfter the rate decision on Jan. 25, Governor Tiff Macklem in an interview pushed back against traders who were betting that the central bank would cut rates as soon as October.
Read more »
Today in Canada’s Political History: UK PM Anthony Eden addresses Canada’s Parliament; says Canada “commands the future” | National NewswatchNational Newswatch: Canada's most comprehensive site for political news and views. Make it a daily habit.
Read more »
LETTER: Ruling will keep construction monopolies at bayMultiple bids on a project encourage contractors to innovate and put their best bid forward. This ensures taxpayers get their money’s worth, and that’s just what we’re seeing
Read more »
Hudson's Bay closing Banff, Edmonton stores this summer amid 'market changes'Hudson\u0027s Bay is shuttering its Banff store, along with another in Edmonton, saying the decision reflects market changes.
Read more »