Experts hope that the Bank of Canada will be cautious

The Royal Bank of Canada (RBC) is one of the institutions that wish that the Central Bank does not receive its key rate. Therefore, despite the risk of economic slowdown in certain sectors.

Frances Donald. Moreover. the first vice-president and chief economist of the RBC, argues that a reduction in the key rate would benefit the entire economy, even if the markets less affected by customs duties continue to benefit from good growth.

Industries. municipalities dependent on manufacturing production should expect to receive targeted government aid. but not a decrease in the guiding rate of the Banque du Canada.

Donald adds that households continue to spend as much, despite the concerns caused by the trade war. She argues that the confidence of the business business will grow in the second half of the experts hope bank canada will new experts hope. bank canada will new year.

A majority of economists believe that the Banque du Canada will once. twice its key rate before interrupting the movement. According to them, the economy will need a little help when inflation is controlled.