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 compo-nents of the economy, go to the Canadian Outlook main page.
Rock-Bottom Rates Are Here to Stay: Canada’s Two-Year Financial Markets Outlook
Rock-Bottom Rates Are Here to Stay: Canada’s Two-Year Financial Markets Outlook
Canadian Economic Analysis
$225.00
- After cutting rates to near zero during the first wave of the pandemic, the Bank of Canada and the U.S. Federal Reserve will leave rates untouched until at least 2023.
- Following the sharp second-quarter plunge in Canada’s economy, a significant amount of excess slack built up that will take years to absorb.
- Inflationary pressures will start to emerge in 2021.
- The Canadian dollar is forecast to trade below US$0.80 throughout the forecast.
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