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The bank has been in a holding pattern since early March, when it kept its benchmark lending rate stable at 4.5 per cent after eight consecutive increases
For months, the forecasts have called for a recession due to rising interest rates designed to slow the economy. But jobs and GDP numbers are still booming.
Ongoing calls from economists predicting a recession to hit Canada in 2023 have come up against surprisingly strong economic data in the early part of the year.
Ongoing calls from economists predicting a recession to hit Canada in 2023 have come up against surprisingly strong economic data in the early part of the year.
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Canadian Finance Minister Chrystia Freeland's promise of a fiscally prudent budget in the face of high inflation has disappointed some strategists who had hoped for spending restraint from the Liberal government.