The Loonie Hour Podcast
The Bank of Canada Signals a Pause and Takes a Victory Lap
January 27th, 2023
The Bank of Canada has raised interest rates another 25 bps but has signaled they will pause and hold from here. What does this mean for housing and financial conditions? Is a soft landing achievable or wishful thinking? Consumer confidence is increasing but models suggest there is still near a 50/50 chance of a US recession this year.
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