Economic Monitor: January 2018

The Bank of Canada raised its benchmark interest rate for the third time in less than a year, taking it from 1.00% to 1.25% after a string of positive economic data forced policymakers to reassess their stance. In its statement, the Bank declared that the Canadian economy was now “operating roughly at capacity”, yet the uncertainty surrounding NAFTA’s renegotiation remained a key source of concern. Read the detailed perspective from our partners at NBC Economics HERE