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Rock-Bottom Rates Are Here to Stay: Canada’s Two-Year Financial Markets Outlook The Conference Board of Canada, 15 pages, October 21, 2020 Issue Briefing

Rock-Bottom Rates Are Here to Stay: Canada’s Two-Year Financial Markets Outlook

The Conference Board of Canada, 15 pages, October 21, 2020
Issue Briefing

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This quarterly economic forecast presents the medium-term outlook for the Canadian economy. This release focuses on financial markets. For an overview of all major compo-nents of the economy, go to the Canadian Outlook main page. Document Highlights After cutting rates to near zero during the first wave of the pandemic, the Bank of Canada and the U.S. Federal Reserve will leave rates untouched until at least 2023. Following the sharp second-quarter plunge in Canada’s economy, a significant amount of excess slack built up that will take years to absorb. Inflationary pressures will start to emerge in 2021. The Canadian dollar is forecast to trade below US$0.80 throughout the forecast.

This quarterly economic forecast presents the medium-term outlook for the Canadian economy. This release focuses on financial markets. For an overview of all major compo-nents of the economy, go to the Canadian Outlook main page.

Document Highlights

After cutting rates to near zero during the first wave of the pandemic, the Bank of Canada and the U.S. Federal Reserve will leave rates untouched until at least 2023.
Following the sharp second-quarter plunge in Canada’s economy, a significant amount of excess slack built up that will take years to absorb.
Inflationary pressures will start to emerge in 2021.
The Canadian dollar is forecast to trade below US$0.80 throughout the forecast.

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