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Reuters poll: Bank of Canada to leave interest rates on hold at 0.50% on May 24

Economists polled by Reuters think that the Bank of Canada will leave interest rates unchanged at 0.5% on May 24.

Key highlights (via Reuters):

  • Majority of economists concerned future changes to U.S.- Canada trade arrangements will go beyond minor tweaks
  • Canadian economy could take a material hit from Trump's protectionist trade agenda, majority of economists say
  • Bank of Canada expected to hike rates 25 bps to 0.75 pct in q2 2018 (vs q1 2018 in April poll)

 

EM FX outlook Q2 2017 - BBH

Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman, argues that the soft US data and likely delays to fiscal stimulus plans fr
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