I don't think the bank has set anything in stone, but it does sound like they've put a ceiling on the rate hikes.
More Quotes from Doug Porter:
The main message for me in the (U.S.) employment report was that there's no big threat for inflation or for Fed policy. Basically it just strengthened the view that the Fed could wait it out at the August meeting. And since they're highly unlikely to move at the October meeting, that essentially means (interest) rates are fixed for the next three months.Doug Porter
There was a strong hint in their latest minutes that they're talking about half percentage point moves in interest rates rather than just these baby steps of a quarter percentage point move.
Doug Porter
When the strategist at Goldman Sachs reduced her recommended weighting on equities it sent the market into the red right off the bat, and ended up lower pretty much across the board in Canada and the U.S.,
Doug Porter
The deepening slide in manufacturing is notable, although solid gains in other areas continue to pick up the slack. The moderation in wage growth will be welcome by the Bank of Canada.
Doug Porter
It was quite a roller-coaster ride...and quite a mixed picture,
Doug Porter
This survey takes some of the pressure off the (central) bank to continue tightening, although the bank's commentary highlights the strong aspects of the report.
Doug Porter
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