Any Bank of Canada decision on a possible rate hike is less about a timeline and more about conditions
Macklem notes that core inflation has ticked down
Bank would also look at inflation expectations when mulling a possible rate hike
Weakness of Canadian economy tends to put downward pressure on prices
Canadian economy is not clearly in a recession
Economy hasn’t really grown in the last year but it hasn’t shrunk either
Bank of Canada senior deputy governor Carolyn Rogers says risks to the economy are about where we saw them last time
BOC’s Rogers: We’ve got the rate where we think it needs to be right now
Even with a successful USMCA review, you can’t be certain about anything
BOC's Macklem: Not a lot has changed since last decision, there haven't been big surprises
- Comments from the Bank of Canada Governor
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