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- BoC unlikely to change rates at its September meeting – TD Securities
BoC unlikely to change rates at its September meeting – TD Securities
Analysts at TD Securities note that the Bank of Canada (BoC) will publish the September policy statement at 10:00 ET with TD and the wider market looking for no change in rates.
- “Economic data since July has been largely upbeat, however, we expect increased global trade tensions will get more attention in the communique and our base-case includes a dovish tweak to the Bank's forward-looking language that would open the door to cuts should global trade conditions deteriorate further.
- Rounding out the data calendar is international trade for July, where TD looks for the trade balance to erode to a $0.20bn deficit (market: -$-0.35bn) on softer non-energy exports.”
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