We’ll See

The Week Ahead

October 23, 2017

If the Bank of Canada was in the habit of giving an overall title to its Monetary Policy Report, the week ahead’s October issue might well be dubbed “We’ll See.”

Some complain that the central bank doesn’t provide the kind of pinpoint guidance that the Fed attempts in its “dot plots” of future interest rate projections. But we’re at precisely the kind of economic juncture at which to do so would make little sense. That’s why the Bank will leave rates on hold, and will repeat its recent pledge to “monitor” how the economy is doing before making its next move.

Read More…