Canada’s stronger-than-expected GDP growth in January could pose a challenge for the Bank of Canada, potentially complicating the timing for its anticipated interest rate cuts.
Despite stronger-than-expected job gains in March, the Bank of Canada is unanimously expected to keep rates on hold at this week’s rate decision meeting.
All eyes will be on the Bank of Canada’s interest rate decision this week, which some say could be its last hike of the year, and perhaps of this rate cycle.
