At the last Bank of Canada meeting on July 14th, the BOC tapered bond purchases from C$3 billion per week to C$2 billion per week, as the central bank felt the economy would continue to strengthen. In addition, although they slightly lowered their 2021 annual GDP to 6%, they raised they 2022 forecast to 4.5%. The committee said that they expect inflation to remain above 3% in the short-term while converging near 2% in 2022. However, when the BOC meets on Wednesday, they may consider a delay in their tapering until the next meeting on October 18th. Although the Markit Manufacturing PMI for August was slightly better ... (full story)