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.
TD Securities says the Bank of Canada has taken a more hawkish tone, pointing to upside risks to inflation after the rebound in 2Q GDP and employment. The firm says the central bank also highlighted renewed trade tensions as a threat to that recovery, while policymakers downplayed the direct tariff impact.