Dec 6
BoC Policy Monitor: BoC is more upbeat on the economic outlook
As expected the Bank of Canada left the overnight rate unchanged at 0.25 % and maintained its conditional commitment to maintain it at this level until the end of Q2 2010. Although the commitment is maintained, the tone of the press release was significantly more upbeat when it comes to both global and Canadian economic prospects. Whereas our central bank previously saw early strength in domestic demand as ājustā a bringing forward of household expenditures, it now sees the recent rebound in
