20 August 2019

“The global risk outlook leads to stronger uncertainty on policy rates in the nearest future,” – the Norway central bank stated during its recent meeting when it decided not to change the rate.

Employment growth in Canada has slowed slightly, while it still remains at a comparatively high level.

“Non-energy exports were down in May, following an April increase. The most recent data shows that companies were planning to invest heavily this summer. Oil prices fell last month, but not significantly”.

These trends show that Canada will need to be very cautious managing the possible risks, which may offset some of the previous gains.

“The central bank had to take a pause last fall, when a sharp decline in oil prices and a severe winter paralyzed trade in North America and almost stalled the national economy. Today, it’s dealing with a weaker demand for exports that could offset a relatively recent business investment recovery.”