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BoC tightening bias will be dropped before year end – Capital Economics

By FXstreet.com,  January 16, 2013, 03:26:00 AM EDT

FXstreet.com (Barcelona) - David Madani, Canada Economist at Capital Economics believes that the Bank of Canada tightening bias will be dropped by the end of the year.

He expects the bank to continue justifying its tightening bias next week on the basis of high household debt. However, before year end, he expects the bank to drop talk of rate hikes. He writes, "The weak global backdrop and potentially severe housing market correction under way will mean sub-par 1% economic growth this year and next, with inflation staying close to the lower bound of the Bank's target range."




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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