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BOC in Focus | US Trade Deficit Soars
Published March 6, 2019
The Bank of
Canada will meet shortly to deliver a statement on rates. In lieu with the
recent dismal set of economic data, the Central Bank is expected to leave the
overnight target rate unchanged at 1.75% and the language of the
Governor Stephen Poloz will be analysed carefully for future guidance.
The US trade
deficit surges to $59.8B in December against the expectation of
$57.3B, despite the President Donald Trump efforts to lower the imbalance
through a series of tariffs implemented through the year.
England Governor Mark Carney said that there have been constructive
developments in preparing for a disorderly Brexit, however crashing out of
European Union would still experience a material shock he added.
Trump is pushing hard to strike a trade deal with China soon in hope of
fueling a market rally, further into his re-election bid, as he grows
increasingly concerned that that the lack of a trade agreement could knock down