29 June 2018

According to him, the overall economic picture supports the idea of reducing the stimulus given interest rates are still at historically low levels. The BoC will hardly change its mind just because of several disappointing economic numbers in recent weeks, or stronger trade uncertainty whose real influence remain unclear.

In April, the Canadian economy showed surprisingly high numbers with strong results in manufacturing and real estate sectors.

GDP was up by 0.1%, says Statistics Canada, while economists predicted no changes at all because of poor weather conditions in April and following disappointing data.

Now the economy is expected to keep growing and exceeding 2%. This will increase the chances for more rate hikes this year by the central bank.