ING: Canada remains on the right track

June 2, 2021

1 minute read

by James Knightley, Chief International Economist, ING Bank N.V.

Growth expectations swung wildly in recent months, but the composition of today's 1Q GDP report means we shouldn't be too disappointed by the downside miss. The vaccination programme is going well, the labour market is strong, fiscal support and rising commodity prices are more the helpful. The Bank of Canada remains on track to raise rates next year.

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