BoC Meeting Minutes
BoC Meeting Minutes
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BoC Meeting Minutes
BoC Meeting Minutes: Members felt general trade uncertainty had made growth prospects more uncertain.
BoC Meeting Minutes: Members felt that the main risks to July economic forecasts had become more acute.
BoC Meeting Minutes: Members agreed to reiterate that monetary policy stance would be guided by BoC's inflation forecast and risks around it.
BoC Meeting Minutes: Members saw a higher risk of inflation spreading to non-energy goods and services in Canada.
BoC Meeting Minutes: Members cited persistently high price of gasoline, said Iran conflict had raised market expectations for oil prices.
Reuters reports the BoC governors agreed inflation was likely to remain elevated in the near term, based on minutes of the meeting ahead of the September 2 rate decision. The BoC kept its key policy rate on hold at 2.25%.
BoC Meeting Minutes
Uncertainty remains elevated due to Middle East conflict
BOC Meeting Minutes: Given the resumption of growth and easing inflation. Members agreed that the trade-off facing monetary policy had diminished.
Members say the longer oil prices stay high, the greater the risk inflationary impacts spread - minutes
Members agreed to reiterate in communications: higher oil prices won't trigger lasting inflation - minutes
Members saw little proof that rising oil prices were affecting the cost of other goods and services: minutes
Canada sees risks to growth from tariffs and housing
BoC Meeting Minutes: Ahead of the Bank of Canada's July 15 rate announcement, some governing council members were split over the sustainability of the rebound.
BoC Meeting Minutes
***General Trend and Developments*** -Crude oil looked to be heading towards a higher open and US equity FUTs a lower open, until 20 minutes before the Monday reopenings, when Axios reported that the US and Iran would halt strikes and meet tomorrow in Doha, Qatar. -Oil ended up only opening modestly higher by US armed