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The BoC's Potential Interest Rate Path As Ottawa Unveils New Spending Plans

Seeking Alpha·TD Wealth·6 months ago
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Summary

  • Bank of Canada may stay on hold despite pressures.
  • TD Securities predicting holds through 2026, 2 hikes in 2027.
  • Trade front may be bumpy, but base case is that relations remain intact.
The Bank of Canada Building in Ottawa

PaulMcKinnon/iStock Editorial via Getty Images

The federal government has unveiled a lower deficit and added $37.5 billion in spending plans in its Spring Economic Update. Andrew Kelvin, Head of Canadian and Global Rates Strategy with TD Securities, joins MoneyTalk to discuss the government’s