Its about that time when we start to get outlooks for the next year filtering in.
This via TD on the BoC:
- Canadian economy has thus far been resilient to global headwinds
- we do not believe recent actions taken by the US and China are enough to meaningfully resolve the elevated level of trade uncertainty - this should prompt the BoC to provide more stimulus to offset the impact of global headwinds, although recent messaging suggests there is a very high bar to do so by the end of 2019
- Underscoring the BoC's (relatively) constructive outlook is a healthy starting point; Q2 GDP was stronger than expected at 3.7%, and even with an undesirable
TD look for the Bank of Canada to cut rates in 2020
- 25bp cut in January
- and then in April
