Experts at TD Securities expected that the Bank of Canada will go to cutting interest only once next year, specifically during April, as the Canadian economy is still resisting the pressure of slowing global economic growth, and the current trade conditions between China and America do not give the Bank of Canada an incentive Towards enhancing monetary easing in the coming period.
The experts pointed out to the Foundation that the growth of GDP in Canada during the third quarter, which recorded 1.3%, corresponds to the expectations of the Bank of Canada, and it represents a constructive point, and that the bank is still putting the inflation target at 2%, despite the weakness of the labor market data. Affects this goal.