BoC Governor Macklem says they're putting more emphasis on the risks when it comes to the next rate announcement
- Hoping to be a bit more forward-looking, but there is a lot of uncertainty and forecasts will need to be approached with humility.
- Uncertainty is down from February and March but remains elevated.
- Growth is expected to resume, though likely to be soft and slightly below potential.
- Growth is not expected to feel strong and will not be enough to close the output gap.
- No major further decline in exports is expected, but neither is a rapid rebound.
- Consumption growth is expected to moderate from Q2 but still continue expanding.
- Global imbalances are widening again, and it is positive that the IMF is enhancing surveillance of the issue.
17 Oct 2025 - 19:30- Fixed IncomeImportant- Source: Newswires
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