Since Canada's 150 birthday, Canadian economy is like a rocket; Poloz seems having more confidence to rise rate.I wish all the stuff is true, but maybe the rate hike maybe too fast for this beautiful country.
The inflation rate was 1.3% and only one time which is on Jan 2017, the rate touched 2.1%. The unemployment rate was 6.5%. The trade balance was -1.09 billion which was lower the pervious -552.3 million. Don't forget the uncertain change of NAFTA and low oil price.
Actually, the positive message for pulling rate up is from the Customer confidence index . In my option. that is not enough to prove the condition of rate hike is mature.
The inflation rate was 1.3% and only one time which is on Jan 2017, the rate touched 2.1%. The unemployment rate was 6.5%. The trade balance was -1.09 billion which was lower the pervious -552.3 million. Don't forget the uncertain change of NAFTA and low oil price.
Actually, the positive message for pulling rate up is from the Customer confidence index . In my option. that is not enough to prove the condition of rate hike is mature.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.