bank of canada
Outside of energy-producing regions, reports of improved indicators of future sales are widespread.
Looking to see how weakness from manufacturing may spread to services, employment, consumer spending or housing.
Early evidence the global economy is stabilizing and growth is still expected to edge higher over the next couple of years.
CIBC chief said negative interest rates are an issue and questions loom about how trade wars will unfold.
Analysts say trade-driven boost was likely a temporary factor, particularly with weakening global economic conditions.
Canadian economic growth showing signs of re-emerging after it nearly stalled in late 2018 and early 2019.
The central bank says it will take over the administration of the Canadian Overnight Repo Rate Average, from financial markets data firm next year.
Target at 1.75% for a sixth-straight meeting as the country bounces back from a weak stretch.
Prices rose in all eight of the index’s major components compared with a year ago.
Bank of Canada’s measure for corporate confidence dropped into negative territory for the first time since Q3 of 2016.
The central bank left its interest rate unchanged last month.
The BoC decided not to increase interest rates.
Uncertainty related to US policies has kept business investment lower than where it should be.
The bank is now projecting growth to be just 1.7 per cent in 2019.
Lower growth prospects expected to reinforce Poloz’s strategy of moving very gradually on increases to overnight rate.