Comments from the Bank of Canada’s Schembri:
– Business investment in Canada remains weak; investment in energy appears to be stabilizing
– Elevated geopolitical uncertainty likely contributing to underperformance in investment; too early to assume worst is behind us
Canadian economic data has been very good lately but the BOC continues to lean against it and forecast trouble while remaining dovish. There’s no change from that theme here.
BOC’s Schembri: Q4 GDP was stronger than expected but analysis suggests caution
ByAdam Button
Mar 21, 2017