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Weekly Commentary

Revving the Rate Hike Engine

June 2, 2023
Jimmy Jean
Vice-President, Chief Economist and Strategist

  • The Bank of Canada will be considering whether to raise rates, but will probably stand pat.
  • Strong demand for labour and record population growth likely kept Canada’s job creation machine humming in May.
  • Canada’s trade balance is expected to have stayed in positive territory in April.

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