Bank of Canada's Growth Outlook Appears 'Very Tenuous' -- Market Talk
Dow Jones2026/10/30 17:061306 ET - GDP data for Canada indicates that the solid growth envisaged by the Bank of Canada into 2027 "remains very tenuous," says Carl Gomez, chief economist at Toronto-based Centurion Asset Management. Via a post on LinkedIn, Gomez says GDP in Canada may struggle to grow over 1% annualized in 3Q, whereas BOC forecast 2%. "The takeaway," Gomez says, "is that the BOC's rate-hiking cycle is unlikely to be a protracted one," and will have to monitor incoming data to before tightening financial conditions further. He anticipates one more BOC rate hike in early 2027, although he says he doesn't expect policymakers "going much further unless the actual data warrants it."(paul.vieira@wsj.com; @paulvieira)
(END) Dow Jones Newswires
October 30, 2026 13:06 ET (17:06 GMT)
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