This quarterly economic forecast presents the medium-term outlook for the Canadian economy. This release focuses on financial markets. For an overview of all major components of the economy, download the Canadian Outlook Summary.
Canadian Outlook Economic Forecast: Financial markets—July 2020
Canadian Outlook Economic Forecast: Financial markets—July 2020
Canadian Economic Analysis
$225.00
- Central banks around the world have taken dramatic action to protect economies and financial markets.
- The Bank of Canada cut rates by 150 asis points in March and April, to 0.25 per cent. The Bank has said this is the effective lower bound for rates in Canada.
- The Bank of Canada has begun quantitative easing, and it has been directly monetizing federal and provincial government debt.
- The U.S. Federal Reserve cut rates by 150 asis points in March, to 0.25 per cent. Chairman Jerome Powell indicated that rates will remain at this level until 2023.
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