ING THINK
Bank of Canada still set to lean dovish
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CANADA: Falling output, USMCA renegotiation risk, a mixed jobs picture, and softer-than-feared inflation suggest the Bank of Canada will continue to push back against the market pricing of rate hikes at its 10 June meeting. We don’t expect any tightening this year. The Canadian d
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4 itemsDESK NOTEING Economics
Bank of Canada still set to lean dovish
DESK NOTEING Economics
Bank of Canada still set to lean dovish
DESK NOTERBC Economics
Forward Guidance: Bank of Canada to hold interest rates as prices rise but economy wobbles
Per the full note [source], RBC Economics expects the Bank of Canada to hold rates steady on June 4, 2025, following a close call after April's pause. The decision is supported by upside inflation surprises and stabilizing consumer spending, while labor market weakness and trade risks argue for a cut. The bias is dovish hold, with market focus on Friday's employment report and Thursday's trade data for confirmation of the economy's trajectory.