Central Banks Peer into Murky Future: Canada’s Five-Year Financial Markets Outlook—November 2023

As central banks in Canada and the U.S. continue to grapple with stubborn inflation, what are the future impacts of past interest rate hikes? The Bank of Canada paused its rate increases in September this year and we expect to see the rate to remain unchanged to year end. But what can we expect from the Federal Reserve and how will the Bank of Canada respond? When can we expect to see rate cuts on both sides of the border? And what is the outlook for the Canadian dollar exchange rate with its U.S. counterpart?

Read our outlook to get our analysis.