New BOC Governor to Carry On Legacy, Keeping Rate and QE Intact

<p>The upcoming BOC meeting (June 3) will be the first one headed by incoming Governor Tiff Macklem. We expect him to leave the policy rate unchanged at 0.25%. The unconventional monetary policy, i.e.: QE, will also remain the same. Given the disappointing GDP and inflation data, the accompanying statement will maintain a cautious tone, with […]</p>
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