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Four reasons why the Bank of Canada will keep hiking in 2019
For the time being, the Canadian economy continues to the reap the rewards of strong US activity and should see a respectable2.5% growth rate overall for 2018. We may see a slightly slower pace of growth in 2019 (our forecasts look for 2.1%), reflecting a more moderate expansion in the US. This is unlikely to faze many Bank of Canada (BoC) policymakers, although trade tensions remain a clear growth risk in 2019. Despite some positive headlines from the recent G20 meeting, we remain cautious about the outlook for US-China trade - particularly given that a lot needs to happen in the next 90-days. If tensions intensify, ... (full story)
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