Will the Bank of Canada need to sing the dovish tune soon?
Due to the massive monetary expansion in the world economies since 2008, Canada also enjoyed the prosperity with the higher stock price, low unemployment rate, and nominal inflation. During these periods, we also witness the explosive rise of Canadian housing markets that spurs on the tremendous demand in the Canadian dollar. In a ten years span, the bank of Canada even managed to raise the interest rate to 1.75%. The best thing of all is the meager unemployment rate. It managed to go as low as 5.6%; the lowest since the 1990s. But moving forward, Canada has been experiencing deep slow down on retail sales with ... (full story)