- We held policy steady because mon pol is working to cool the economy and relieve price pressures
- We continue to assess whether mon pol is sufficiently restrictive
- If inflationary pressures persist, we are prepared to raise our policy rate further to restore price stability
I think the Canadian economy is headed for a sharp slowdown and recession next year, particularly if rates stay high through May.
This article was written by Adam Button at www.forexlive.com. Source