Bank of Canada turns hawkish, citing upside inflation risks
TD Securities says the Bank of Canada adopted a more hawkish tone, emphasizing upside risks to inflation after the 2Q GDP and employment rebound, while pointing to renewed trade tensions as a threat to the recovery.
The Bank of Canada strikes a more hawkish note with an emphasis on upside risks to inflation after the rebound in 2Q GDP and employment, TD Securities says.
It notes the central bank points to renewed trade tensions posing a threat to this recovery, though policymakers downplay direct tariff impact…