Comments from Deutsche Bank Markets Research (Sydney) ... in (very) brief:

  • Clear evidence that Canada has picked up speed
  • Growth prospects heading into 2016 are overshadowed by persisting uncertainty about the health of the global economy in general and the US economy in particular
  • Despite evidence of stronger growth in the second half of the year, we expect that the effects of below (2%) target inflation and lingering concerns about the health of the global economy will cause the BoC to leave its target for the overnight rate unchanged until well into 2016

(Bolding mine)

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The Bank of Canada meet on Wednesday