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0.00032946516821018 0.00032946516821018 -3.66072409122191E-05 0.000988395504630749 0.000512501372771484 0.00106160998645519 0.00113482446827983 0.00157411135922688
Stock impact report

Bank of Canada expected to hold key interest rate, but case for future hikes seen weakening [Yahoo! Finance Canada]

Bank Of Montreal (BMO) 
Last bank of montreal earnings: 2/25 06:00 am Check Earnings Report
place on Wednesday, but softening economic data and new uncertainty from the trade war with the United States are tempering talk of rate hikes, at least until much later this year. “Conditions haven't changed enough to prompt a shift (to a rate cut) from the BoC” at its Jan. 28 rate-setting announcement, Benjamin Reitzes, a Canadian rates and macro strategist at Bank of Montreal, said in a note Friday. Still, he said recent economic data — which included some weaker labour trends — suggest potentially slower growth. This has “quieted” chatter at the end of last year that the bank could soon raise rates. “The market (is) now leaning ever so slightly to cuts in the first half of the year,” Reitzes wrote, adding that the latest economic data “reinforced that risks are skewed toward a softer backdrop and further rate cuts.” While a deeper softening is not his base case, downside growth risks prevail with uncertainty around trade and tariffs (and the upcoming Canada-U.S.-Mexico Agr Show less Read more
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