Hey Babe, Take a Walk on the Supply Side

The Week Ahead

January 9, 2018

When the facts change, so do we. Canada’s two-month jobs surge brought forward the likely timing of the first of two Bank of Canada rate hikes for 2018.

Stateside, in the final rush to pass tax reforms, relative to the initial Senate bill, a further $100 bn in fiscal stimulus was shifted into 2018, rather than being delayed until fiscal 2019, and more (if temporary) relief was provided to middle income earners. The result is that our forecasts for US growth in 2018 will be lifted by a few decimal places, with details forthcoming in our January issue of Forecast.

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