EWC bank of Canada sees 2026 growth at 0.7% (vs 1.2% in April mpr), sees 1.8% growth in 2027 (vs 1.6%), 1.8% in 2028 (vs 1.7%) BOC: annualiz
EWC bank of Canada sees 2026 growth at 0.7% (vs 1.2% in April mpr), sees 1.8% growth in 2027 (vs 1.6%), 1.8% in 2028 (vs 1.7%) BOC: annualized Q2 GDP seen at 2.5% (vs 1.5% in April), 1.5% in Q3 - Inflation to average 2.5% in 2026 (vs 2.3% in April), 2.0% in 2027 (vs 2.1%), 2.1% in 2028 (vs 2.0%) - Q2 output Gap is estimated to be in range of -1.5% to -0.5%, unchanged from April mpr - Potential output growth in 2026 seen at 1.1% (vs 1.2% in April) - Nominal neutral interest rate is assumed to be at the midpoint of estimated 2.25% to 3.25% range, unchanged from April BOC mpr assumes price of Brent will decline to around $70 by end-2027, notes outlook for oil prices remains highly uncertain BOC mpr assumes USMCA trade deal will remain in place with annual reviews, assumes Shipping through Hormuz strait gradually returns to normal
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EWC bank of Canada sees 2026 growth at 0.7% (vs 1.2% in April mpr), sees 1.8% growth in 2027 (vs 1.6%), 1.8% in 2028 (vs 1.7%) BOC: annualized Q2 GDP seen at 2.5% (vs 1.5% in April), 1.5% in Q3 - Inflation to average 2.5% in 2026 (vs 2.3% in April), 2.0% in 2027 (vs 2.1%), 2.1% in 2028 (vs 2.0%) - Q2 output Gap is estimated to be in range of -1.5% to -0.5%, unchanged from April mpr - Potential output growth in 2026 seen at 1.1% (vs 1.2% in April) - Nominal neutral interest rate is assumed to be at the midpoint of estimated 2.25% to 3.25% range, unchanged from April BOC mpr assumes price of Brent will decline to around $70 by end-2027, notes outlook for oil prices remains highly uncertain BOC mpr assumes USMCA trade deal will remain in place with annual reviews, assumes Shipping through Hormuz strait gradually returns to normal