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Bank of Canada done with rate cuts, expects two percent inflation to persist
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Bank of Canada done with rate cuts, expects two percent inflation to persist
By Claire Fan, RBC Economics The Bank of Canada (BoC) delivered a well-telegraphed, widely-expected hold on Dec. 10, keeping the overnight rate at 2.25 percent—the bottom of the neutral range and where we expect it will remain through the end of 2026. The decision was after upward GDP revisions in the Q3 GDP release dating back to 2022, and a string of positive labour market surprises that saw a key indicator of the output gap, the Canadian unem…
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