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Bank of Canada faces 'communication challenge' over rate cuts: TD

From bnnbloomberg.ca

{video} Economists at TD Bank are predicting communications challenges ahead for the Bank of Canada if it cuts interest rates this spring while housing costs remain high. The Bank of Canada is widely expected to start reducing its trendsetting interest rate this year after a series of rate hikes – with cuts coming potentially as early as this spring. In a report published Wednesday, TD economists Beata Caranci and James Orlando said if rate cuts indeed come to pass this spring, it means rates will start coming down amid above-target inflation and high shelter costs. This could lead to confusion among the public, the ... (full story)

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  • Category: Fundamental Analysis