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Soft data cloud Bank of Canada rate hike outlook
Two Statistics Canada reports showing 2.2 percent May inflation and a 1.2 percent April drop in retail sales cast doubt on a July rate hike by Governor Stephen Poloz. Analysts cite trade tensions with the United States and slowing growth as reasons rates may stay steady, with key GDP and employment reports ahead.
MENTIONED IN THIS ARTICLE
Ottawa
Bank of Canada
Stephen Poloz
U.S
Donald Trump
Poloz
Statistics Canada
Canada
Robert Kavch
BMO Capital Markets
Royce Mendes
Cibc Capital Markets
Mendes
Nathan Janzen
RBC
Ranko Berich
Monex Canada
Monex Europe
Chamber of Commerce
Victoria
B.C