TD Securities analysts noted the evidence of the fact that in May, the activity in Canada has declined. As indicated in the bank, if we assume that GDP in June will be the same figure for the 2 nd quarter, may reach -3.0% annualized. Thus, it appears that the Canadian economy continues to be corrected, and therefore, analysts say TD Securities, the Bank of Canada has no reason to abandon its conditional commitment to maintain rates at 0.25% until the end of the second quarter of 2010.
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