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Bank of Canada Drop-In: Will the BoC go as far as markets are pricing in?

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A resurgence in oil prices and renewed trade tensions with the US have put the Bank of Canada’s upcoming policy rate decision on a knife-edge. Amid historic levels of uncertainty, Governing Council must decide whether the upside risks to inflation finally outweigh the downside risks to growth. On Wednesday 28th October, we hosted an online briefing reacting to the decision. During this session, our economists answered your questions whilst they also discussed topics that included:

  • Why investors might be getting the rate path wrong
  • How the oil price shock is generating a unique policy dilemma
  • What differing CUSMA outcomes could mean for monetary policy
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