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BOC Press conference: Q2 is looking pretty solid The Economy is looking like it is in expansion

boc press conference: q2 is looking pretty solid the economy is looking like it is in expansion
  • Q2 is looking pretty solid.
  • Will be assessing how sustainable the pickup is.
  • We do think it is sustainable.
  • If oil prices do once again rise, and feed into inflation, he expects to need consecutive rate hikes to keep inflation under control.
  • There are questions about how sustainable the recent pickup and growth is.
  • Says we are going to take our decisions one at a time.
  • Canadian dollar weakness has not been a major factor in rate decisions
  • There has been somewhat widening in yields between the US and Canada leading to a weakness in the Canadian dollar.

This article was written by Greg Michalowski at investinglive.com.

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