<strong>Bank of Canada Q4 Survey: Business Sentiment Dips for 4th Straight Quarter on Rising Interest Rates</strong>
–Firms Continue to See Inflation Above BOC’s 2% Target in Short Term –In 5 years, Firms Expect Inflation to be Within BOC’s 1-3% Target Range –Most Consumers Expect Mild to Moderate Recession within 12 Months –More Consumers Than Before Pandemic Anticipate Deflation in 5 Years as Supply Bottlenecks Ease By Max Sato (MaceNews) – Sentiment […]
Bank of Canada Hikes Key Rate by 75 Bps to 3.25% in Front-Loading Tightening Drive 
–BOC: Key Rate Still Needs to Rise Further, to See How Much Higher It Should Go–BOC Repeats: Canadian Economy in Excess Demand, Inflation High and Broad–BOC: Economy to Moderate in 2nd Half of 2022 on Slower Global Demand, Tightening By Max Sato (MaceNews) – The Bank of Canada on Wednesday raised its policy interest rate […]
BOC Q2 Survey: Business Sentiment Dips for 2nd Straight Quarter on High Costs, Supply Delays
—Labour Shortages More Intense, Limiting Sales Growth; Wages Rising Fast –Capex Plans Backed by Demand but May Slow Amid High Costs, Higher Rates –Consumer Survey Also Points to Higher Inflation, Uncertainty By Max Sato (MaceNews) – Sentiment among companies in Canada declined for the second straight quarter in April-June, hit by rising costs and […]
UPDATE: Bank of Canada Hikes Policy Rate by 50 Bps To 1% as Ukraine War Adds Fuel to Inflation, Supply Delays
–BOC Also Decides To Begin Quantitative Tightening, Gradually Trim BalanceSheet–BOC: Russia’s Invasion of Ukraine ‘Causing New Economic Uncertainty’–BOC Repeats: Timing, Pace of Further Rate Hikes Set by Economic Assessment–BOC Governor Macklem: Prepared To Be ‘Forceful’ in Rate Hikes If Needed By Max Sato (MaceNews) – The Bank of Canada on Wednesday jacked up its policy […]
BOC Q1 Survey: Business Sentiment Slips but Still High on Demand
–Firms See Rising Costs Amid Ukraine War, Higher Wages due to Tight Labor Markets — 70% of Firms in Canada See Above 3% Inflation Over 2 Years Vs. 67% in Q4 — BOC Consumer Survey: Prices Surge but Longer-Term Inflation Views Anchored By Max Sato (MaceNews) – Sentiment among companies in Canada dipped in the […]
Analysis: Canada’s Economy Survives Anti-Covid Mandate Blockade, Reputation at Stake
By Max Sato (MaceNews) – The Canadian economy appears to have emerged little hurt overall from a temporary blockade of its key US trade route caused by a truckers-led protest against anti-Covid mandates, but the government failure to prevent occupations of crucial border crossings and the national capital has tarnished the country’s reputation as an […]
Bank of Canada Keeps Record-Low Rate But Ends Forward Guidance on Easing
— BOC’s Macklem: Taking Deliberate Steps Toward Higher Interest Rates— BOC To Keep Govt Bonds on Its Balance Sheet Until It Starts Raising Rates— BOC Revises Up 2022 CPI Forecast To 4.2% From 3.4%; 2023 Unchanged at 2.3%— BOC Lowers 2022 GDP Forecast to 4.0% From 4.3%, 2023 To 3.5% Vs 3.7% By Max Sato […]
Bank of Canada Policy Statement – Holds Rates Steady, Ends Extraordinary Forward Guidance on Policy Rate
(MaceNews) – The following is the text of Wednesday’s Bank of Canada policy announcement: The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ %, with the Bank Rate at ½ % and the deposit rate at ¼ %. With overall economic slack now absorbed, the […]
BOC Q4 Survey: Business Sentiment Up on Capacity Pressures, Demand Pickup
— Survey Conducted Nov. 15-Dec. 6, Before Surge in Omicron-Led Covid Cases — 67% of Firms in Canada See Above 3% Inflation Over 2 Years Vs. 45% in Q3 — BOJ Nov Consumer Survey: More Concerned About Inflation, Hard To Control By Max Sato (MaceNews) – Sentiment among companies in Canada continued improving toward the […]
BOC Q3 Survey Shows Business Sentiment Up, Tougher Supply Constraints
— More Firms in Canada See Above 3% Inflation Over 2 Years By Max Sato (MaceNews) – Sentiment among companies in Canada, particularly those in the services sector, continued to pick up in the July-September quarter on expectations of a gradual reopening of the economy and national borders, the Bank of Canada’s quarterly Business Outlook […]