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
5.0/5 based on 1 review
(You must be signed in and entitled to rate this report)

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.

COVID-19: Get all the insights

To see if you are entitled to get this research for free, take a minute and create a free e-Library account. This will let us determine if someone else at your organization has already purchased access to this material.

Browse by...
Need Help?