According to National Bank of Canada analyst, Matthieu Arseneau, the Bank of Canada does not need to introduce more monetary stimulus considering the current Canadian economic outlook. The main risk is an escalation in the trade war. Key Quotes: “With several central banks pivoting towards monetary stimulus, markets are betting that the Bank of Canada will soon jump on the bandwagon.” “Canada remains in the opposite camp with positive economic surprises and higher than expected inflation. The Canadian economy may have registered the strongest growth among G7 countries in Q2.” “Private sector job creation in 2019 is the strongest since 2011, core inflation is right on the central bank’s target, and risks to the housing sector have faded with sales bouncing back strongly in recent months on the back of declining mortgage rates.” “Unless the trade conflict between the Unites States and China escalates further, there is no need for monetary stimulus in Canada.” 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 EUR/USD extends losses, steadies near 1.1100 FX Street 4 years According to National Bank of Canada analyst, Matthieu Arseneau, the Bank of Canada does not need to introduce more monetary stimulus considering the current Canadian economic outlook. The main risk is an escalation in the trade war. Key Quotes: "With several central banks pivoting towards monetary stimulus, markets are betting that the Bank of Canada will soon jump on the bandwagon." "Canada remains in the opposite camp with positive economic surprises and higher than expected inflation. The Canadian economy may have registered the strongest growth among G7 countries in Q2." "Private sector job creation in 2019 is the strongest… 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.
