The Bank of Canada will maintain its policy interest rate unchanged at 1.00% next week and will hit a cautiously optimistic tone in the accompanying statement.
The release of the April MPR will difference a more robust outlook for economic growth with a benign backdrop for increase. It is expected that the steady absorption of spare capacity will prompt the Bank to move next in July and take the overnight rate to 2.00% by the end of 2011.
The release of the April MPR will difference a more robust outlook for economic growth with a benign backdrop for increase. It is expected that the steady absorption of spare capacity will prompt the Bank to move next in July and take the overnight rate to 2.00% by the end of 2011.