Jeremy Kronick, Associate Vice President and Director of the Centre on Financial and Monetary Policy at the C.D. Howe Institute, tells BNN Bloomberg that the Bank of Canada should hold rates at their current level tomorrow, but there’s also a chance they might hike again in this tightening cycle. He points to the job market and wage growth as areas of concern.
Balance of data shows rate hikes are starting to work: C.D. Howe’s Jeremy Kronick
October 24, 2023