Bank Of Canada Keeps Rates On Hold As Trade Uncertainties Linger

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Includes: BBCA, EWC, FCAN, FLCA, FXC, HEWC, QCAN
by: TD Wealth

Summary

Bank of Canada remains upbeat despite NAFTA uncertainties.

Loonie could see lift if NAFTA deal gets done.

Rate hike from BOC in October likely regardless of tense trade talks.

The Bank of Canada remains optimistic about the economy, even as policymakers await the outcome of NAFTA negotiations. Brian DePratto, Senior Economist, TD Bank, talks to Kim Parlee about the impact of trade uncertainty on interest rates, the economy and the loonie going forward.