James Smith, developed markets economist at ING, suggests that the monetary tightening by BoC will resume later this year, with core inflation being a key component of the central bank’s hiking rationale. Key Quotes “The Bank of Canada will also be keeping a keen eye on the severity of any housing market downturn, trade developments between the US and China, as well as oil prices.” “Nonetheless, economic fundamentals – such as a strong labour market and on/around-target core inflation, paint a positive picture. If these downside risks don’t materialise, we expect the central bank to hike once (if not twice) this year. “ The next move is most likely to come in the third quarter, allowing time to see how the Federal Reserve acts over the next few months.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next UK PM May: Have not been discussing Brexit delay with EU members FX Street 4 years James Smith, developed markets economist at ING, suggests that the monetary tightening by BoC will resume later this year, with core inflation being a key component of the central bank's hiking rationale. Key Quotes "The Bank of Canada will also be keeping a keen eye on the severity of any housing market downturn, trade developments between the US and China, as well as oil prices." "Nonetheless, economic fundamentals - such as a strong labour market and on/around-target core inflation, paint a positive picture. If these downside risks don't materialise, we expect the central bank to hike once (if not twice)… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
