Minister of Finance, Bill Morneau, is speaking about the 2019 Budget and the Government’s plan to invest in the middle class at an event hosted by the Canadian Association of New York.
So far, relevant to markets, he has said that he is hopeful that new NAFTA will be ratified by the U.S;
- Sees ‘rocky economy’ on oil slump before recovery in Q2 as expected.
- The housing market is more stable now than in previous years.
Coming up…
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BoC gove. will be speaking later today at 18.55 GMT and will focus on The Importance of Trade in his last speech ahead of the April MPR. “The BoC has repeatedly flagged trade tensions as a key risk and we suspect Poloz will tie these to recent economic weakness. Declarations that exports will help growth rebound from Q2 onward may give an optimistic tone but this will be taken sceptically by a market pricing in cuts,” analysts at TD Securities explained. Extra reading:
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