Bank of Canada Opts for Reactive Rather Than Attempt to Be Forward Looking -- Market Talk

Dow Jones

Apr 17, 2025

12:07 ET - The Bank of Canada held its fire Wednesday and in doing so decided it would rather respond to the data as it happens and learn more about where trade policy is headed than try and be forward looking, CIBC Capital Markets' Avery Shenfeld says. The uncertainty was reflected in the central bank's monetary policy report, and Shenfeld notes both of the BoC's illustrative scenarios include a dent to growth and neither has inflation averaging far from 2% over the forecast horizon, a combination that might have justified another quarter point rate cut. As it stands, the economist wouldn't rule out half-point cut at the June meeting but given the BoC's caution he reckons it will deliver only a quarter point cut and a further quarter point cut in July. (robb.stewart@wsj.com; @RobbMStewart)

(END) Dow Jones Newswires

April 16, 2025 12:08 ET (16:08 GMT)

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The uncertainty was reflected in the central bank's monetary policy report, and Shenfeld notes both of the BoC's illustrative scenarios include a dent to growth and neither has inflation averaging far from 2% over the forecast horizon, a combination that might have justified another quarter point rate cut. As it stands, the economist wouldn't rule out half-point cut at the June meeting but given the BoC's caution he reckons it will deliver only a quarter point cut and a further quarter point cut in July. (robb.stewart@wsj.com; @RobbMStewart) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 16, 2025 12:08 ET (16:08 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bank of Canada Opts for Reactive Rather Than Attempt to Be Forward Looking -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBank of Canada Opts for Reactive Rather Than Attempt to Be Forward Looking -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-04-17 00:08</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  12:07 ET - The Bank of Canada held its fire Wednesday and in doing so decided it would rather respond to the data as it happens and learn more about where trade policy is headed than try and be forward looking, CIBC Capital Markets' Avery Shenfeld says. The uncertainty was reflected in the central bank's monetary policy report, and Shenfeld notes both of the BoC's illustrative scenarios include a dent to growth and neither has inflation averaging far from 2% over the forecast horizon, a combination that might have justified another quarter point rate cut. As it stands, the economist wouldn't rule out half-point cut at the June meeting but given the BoC's caution he reckons it will deliver only a quarter point cut and a further quarter point cut in July. (robb.stewart@wsj.com; @RobbMStewart) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 16, 2025 12:08 ET (16:08 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4145","symbol_name":"电子制造服务","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2528229480","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2528229480","pubTimestamp":1744819680,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"12:07 ET - The Bank of Canada held its fire Wednesday and in doing so decided it would rather respond to the data as it happens and learn more about where trade policy is headed than try and be forward looking, CIBC Capital Markets' Avery Shenfeld says. The uncertainty was reflected in the central bank's monetary policy report, and Shenfeld notes both of the BoC's illustrative scenarios include a dent to growth and neither has inflation averaging far from 2% over the forecast horizon, a combination that might have justified another quarter point rate cut. As it stands, the economist wouldn't rule out half-point cut at the June meeting but given the BoC's caution he reckons it will deliver only a quarter point cut and a further quarter point cut in July. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4145":"电子制造服务","BK4202":"服装、服饰与奢侈品"},"translate_title":"加拿大央行选择被动而不是尝试前瞻性——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FORD":1},"content_text":"12:07 ET - The Bank of Canada held its fire Wednesday and in doing so decided it would rather respond to the data as it happens and learn more about where trade policy is headed than try and be forward looking, CIBC Capital Markets' Avery Shenfeld says. The uncertainty was reflected in the central bank's monetary policy report, and Shenfeld notes both of the BoC's illustrative scenarios include a dent to growth and neither has inflation averaging far from 2% over the forecast horizon, a combination that might have justified another quarter point rate cut. As it stands, the economist wouldn't rule out half-point cut at the June meeting but given the BoC's caution he reckons it will deliver only a quarter point cut and a further quarter point cut in July. (robb.stewart@wsj.com; @RobbMStewart) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 16, 2025 12:08 ET (16:08 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}