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Fitch expects the first Bank of Canada rate cut in April 2024

I posted earlier on the agency's outlook for the US economy and the Federal Reserve:Fitch still expecting US recession, in H1 2024. Also expecting 1 more Fed rate hike.Also from Fitch were comments on Canada:reduced its GDP forecasts for this year and next, to 1.1% and 0.7%, respectivelysaid Q2 2023 GDP was weaker than expected, partly due to temporary factors such as wildfires and strikes “Underlying growth momentum is weak as past tightening takes its toll on domestic demand”And its BoC outlo... Read More

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2024

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Posted: Sep 14 2023, 02:59

Author Name: forexlive

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