Canadian June Retail Numbers Signal a September Rate Hike Unlikely

Published August 31, 2018

Dawn Desjardins, Deputy Chief Economist at RBC, joins BNN Bloomberg to break down the latest Canadian economic retail numbers. She says the numbers are in line with expectations and doesn’t believe they’ll trigger an earlier rate hike in September. She adds that the trade profile is the real concern for the Bank of Canada.

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Dawn Desjardins, Deputy Chief Economist at RBC, joins BNN Bloomberg to break down the latest Canadian economic retail numbers. She says the numbers are in line with expectations and doesn’t believe they’ll trigger an earlier rate hike in September. She adds that the trade profile is the real concern for the Bank of Canada.