They said nothing's changed in their view of the economy so markets focused on the word 'modest' to mean they'll be less aggressive.
More Quotes from Marc Levesque:
Most importantly, the Bank of Canada is not giving the impression that it has much of an appetite for further rate hikes beyond the 4 percent level.Marc Levesque
That's not suggesting to me that he sees himself with having a whole battery of rate hikes going forward. I would not be surprised at all to see them go one more time and then pause.
Marc Levesque
The data aren't providing any reason for the Bank of Canada to pause. The risks are on the upside for rate increases. Investors are going to sell bonds.
Marc Levesque
In our view, there is still is every reason for the Bank of Canada to continue to nudge its rate higher, and we are not changing our call for a four per cent (overnight) rate by April.
Marc Levesque
Real exports are poised to take a bite out of Canada's growth performance for the first quarter as a whole.
Marc Levesque
The weakness in the Canadian dollar is essentially a follow-through from yesterday's Fed rate decision that has the market anticipating at least one more hike.
Marc Levesque
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