Some Bay Street economists believe that the Bank of Canada can likely wait a little longer to raise its benchmark interest rate, despite inflation running well above the central bank’s target and the risk that poses to household spending.
The question has loomed over China Evergrande Group for months: Is the world’s most indebted developer too big to fail?
A look at what investors will be watching for in the week ahead
One of Bay Street's top economists said he expects the Bank of Canada to strike a more hawkish tone in its statement on interest rates and the economy this week.
Canadians are unconvinced that policy makers will be able to rein inflation back to pre-pandemic levels, a worrying development that could reinforce the need for the Bank of Canada to be vigilant about price pressures.
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