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Bank of Canada Preview: The end is in sight
The Canadian economy is growing, creating jobs and is experiencing inflation pressures that are likely to keep CPI above target for the next couple of years. This argues strongly for a further dialling back of the Bank of Canada’s stimulus efforts with next week’s policy meeting set to see weekly asset purchases cut to C$1bn from the current C$2bn per week. Given the successful vaccine roll-out programme and declining Covid case and hospitalization numbers, we expect the December policy meeting to result in asset purchases being halted completely. None of this is controversial with the debate now rapidly ... (full story)