Posthaste: Bank of Canada may pause rate hikes when it sees this big data

The big news in the economic world this week comes out Friday with the latest reading of Canada’s gross domestic product.Bank of Canada will be watching“We think this print is very important for the BoC’s decision,” Carlos Capistran, ‎head of Canada and Mexico economics at Bank of America Merrill Lynch told Reuters. “The BoC is in a data-dependent mode and has not closed the door to further hikes.

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