Summary The Bank of Canada (BoC) held its policy interest rate steady at 5.00% at today’s monetary policy announcement, an outcome that was widely expected. However, the accompanying statement pointed to the potential for lower policy interest rates in the months ahead. BoC Governor Macklem said “we are seeing what we need to see” to […]
Key insights from the week that was. In Australia, the February Labour Force Survey provided a major surprise relative to market expectations. The main result was a significant contraction in the size of the labour force, seeing the participation rate fall from 67.2% to 66.8% – declines of this magnitude having only occurred in 11 […]
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