Bank of Canada Governor Macklem - cut in rates a signal we are on track to 2% inflation

Governor of the Bank of Canada, Tiff Macklem, and Senior Deputy Governor Carolyn Rogers appearing before the Standing Senate Committee on Banking, Commerce and the Economy.Earlier:Macklem says getting close to cutting ratesRight after this post the you-know-what hit the fan in the yen, which meant Macklem went on the back burner.But, he is laying the groundwork for a Bank of Canada rate cut real soon. Check out that link above for his earlier none too subtle hints. More now: We don't have to do what the fed doesCanada growth this year will probably be choppyA cut in rates would signal we're on a track back to 2% inflationJobless rate might go up but we don't see a recession This article was written by Eamonn Sheridan at www.forexlive.com.

May 2, 2024 - 04:35
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Bank of Canada Governor Macklem - cut in rates a signal we are on track to 2% inflation

Governor of the Bank of Canada, Tiff Macklem, and Senior Deputy Governor Carolyn Rogers appearing before the Standing Senate Committee on Banking, Commerce and the Economy.

Earlier:

Right after this post the you-know-what hit the fan in the yen, which meant Macklem went on the back burner.

But, he is laying the groundwork for a Bank of Canada rate cut real soon. Check out that link above for his earlier none too subtle hints. More now:

  • We don't have to do what the fed does
  • Canada growth this year will probably be choppy
  • A cut in rates would signal we're on a track back to 2% inflation
  • Jobless rate might go up but we don't see a recession
This article was written by Eamonn Sheridan at www.forexlive.com.
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