BoC On Hold: Trade And Tariffs Steal Spotlight
TD Wealth
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Summary
- What are the three takeaways from the Bank of Canada announcement?
- What could trade and tariffs mean for rates and the loonie?
- What are the implications for NAFTA negotiations?
As expected, the Bank of Canada held its key monetary policy interest rate at 1.25% this morning, and its accompanying statement struck a dovish tone. Brittany Baumann, Macro Strategist, TD Securities, talks to Sara D'Elia about why we may have seen the market move already and what investors should watch for when it comes to trade, tariffs, and the loonie.
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