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- Bank of Canada: will be guided by incoming data in assessing economy's sensitivity to rates; economic capacity; wage growth and inflation. USD/CAD up 90 pips
Bank of Canada: will be guided by incoming data in assessing economy's sensitivity to rates; economic capacity; wage growth and inflation. USD/CAD up 90 pips
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Exports declined more than expected in q3, but latest trade data support expectation export growth will resume
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Despite rising employment and participation rates, other indicators show ongoing labor market slack, though it is diminishing
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Global outlook subject to "considerable" uncertainty including geopolitical developments, trade policies
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Housing has continued to moderate as expected
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Revised higher level of past gdp unlikely to have significant implications for output gap because revisions imply higher level of potential output
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Core inflation has edged up in recent months, reflecting continued absorption of economic slack
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Inflation has been slightly higher than anticipated, will continue to be boosted by temporary factors in short term
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