The Bank of Canada followed through on a well-telegraphed interest rate hike this week, but left the potential for additional increases contingent on the evolution of growth and inflation data. The details of Thursday’s federal budget will be watched closely for growth measures—see our preview of what to expect. But so will October’s labour market […]
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Canadian Highlights No tricks from the Bank of Canada, which delivered the expected 25-basis-point hike. The Bank also left the door open to further tightening. Bond markets were somewhat spooked, with Canadian yields rising in Read more…
Next week, focus turns first to Election Day, although we do not expect the outcome of the midterms to meaningfully change the U.S. economic outlook. We expect the ISM manufacturing and services indices to ease, Read more…