Bank of Montreal

GDP disappointed, but the Bank of Canada is unlikely to change the trajectory of rates

Canada’s economic growth slowed in the first quarter of 2022, but accelerating demand has shown why the Bank of Canada is unlikely to deviate from its rate of rapid interest rate increases. After adjusting for inflation, gross domestic product grew at an annualized rate of 3.1 percent, decelerating from 6.6 percent in the fourth quarter …

GDP disappointed, but the Bank of Canada is unlikely to change the trajectory of rates Read More »

GDP disappointed, but the Bank of Canada is unlikely to change the trajectory of rates

Canada’s economic growth slowed in the first quarter of 2022, but accelerating demand has shown why the Bank of Canada is unlikely to deviate from its rate of rapid interest rate increases. After adjusting for inflation, gross domestic product grew at an annualized rate of 3.1 percent, decelerating from 6.6 percent in the fourth quarter …

GDP disappointed, but the Bank of Canada is unlikely to change the trajectory of rates Read More »