Bank of Canada Pauses Rate Hikes

This is a Davenport news story, published by financialpost, that relates primarily to Avery Shenfeld news.

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Canada economics

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US Politics

Here's what economists are saying about the Bank of Canada announcement

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We see this as a pause tied to the bank’s lack of clarity on the outlook ahead, rather than the end of the easing cycle, says CIBC economist Avery Shenfeld .

TD Economics : Both scenarios show a level of weakness that is deserving of further rate cuts’: TD Economics .

Capital Economics: The Bank of Canada's communications were mostly dovish.

Oxford Economics ’ April baseline forecast falls closer to the Bank of Canada’s illustrative scenario of a lengthy trade war, where current tariffs remain in place, the Canadian economy falls into a year-long recession and inflation rises above three per cent.

“We can’t entirely rule out a couple more 25 basis point rate cuts this year ,” said Stillo and Davenport .

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