Economics
Investors Brace for Bank of Canada Taper: Decision-Day Guide
- Macklem could signal plans to reduce pace of bond buying
- Economy running at much faster clip than forecast in January
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The Bank of Canada could soon start pulling back stimulus from the nation’s surprisingly robust economy, with the first clues on its next moves coming as early as today.
Economists unanimously predict policy makers led by Governor Tiff Macklem will leave their key interest rate unchanged at 0.25% at a 10 a.m. decision Wednesday in Ottawa. There’s speculation, however, they could signal plans to pare back the central bank’s asset purchases at the next meeting in April.