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Stock impact report

Big bank economists see extended BOC hold and dovish tilt as uncertainty dominates [Wealth Professional (Canada)]

Bank Nova Scotia Halifax Pfd 3 Ordinary Shares (BNS) 
Last bank nova scotia halifax pfd 3 ordinary shares earnings: 2/25 05:30 am Check Earnings Report
Canada's big bank economists were unified in expecting the Bank of Canada's latest rate hold. Their reaction now centres on what comes next with the overwhelming message that policy is likely to remain stuck in place for a long stretch, with risks tilting slightly toward eventual easing rather than tightening. Scotiabank's chief economist Derek Holt described the decision as delivering no meaningful shift in direction, pointing to the Bank's continued reluctance to signal its next move. He said policymakers showed “ambivalence toward the direction and timing of a rate move,” adding that markets largely shrugged off the announcement because it did little to change expectations. Scotia's baseline outlook still assumes rates remain unchanged through at least mid-2026, though Holt continues to pencil in potential late-year hikes if economic data firm materially. At RBC, economist Claire Fan echoed the view that the decision contained few surprises. She noted the Bank continues to jud Show less Read more
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