• Members agreed that the economy was weak; it was still operating in excess supply and there was slack in the labour market
• The economy was not clearly in recession
• Data suggested that not a great deal had changed since the Council’s last decision in April
• Flags rate cuts if US imposes new trade restrictions, hikes if energy-driven inflation spreads
• Members were of the view that, outside of energy prices, inflationary pressures were generally contained

The Bank of Canada told us all this at the post-decision press conference.

This article was written by Adam Button at investinglive.com.



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