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Canadian rate outlook hints at uneven recovery amid GDP rebound
In light of Canada’s revised first quarter GDP showing a 5 percent drop and April activity suggesting a rebound, economists Warren Jestin and Lloyd Atkinson predict rate relief may end soon with inflation cooling. They forecast possible cuts of short term rates but caution long term rates could head up, advising cautious mortgage decisions for buyers this summer.
MENTIONED IN THIS ARTICLE
Scotiabank
Warren Jestin
Bank of Montreal
Lloyd Atkinson
Jestin
Canada
Bank of Canada
Maverick Bank of Montreal
Atkinson
Jestin Atkinson