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Stock impact report

Posthaste: Bank of Canada a lot closer to inflation target — and rate cuts — than it thinks, says strategist [Financial Post (Toronto, Ontario, Canada)]

Taseko Mines, Ltd. (TGB) 
NASDAQ:AMEX Investor Relations: tasekomines.com/investors
Company Research Source: Financial Post
Cooler-than-expected inflation numbers have left one strategist even more skeptical of the Bank of Canada ‘s conservative forecast for when the consumer price index will return to target, suggesting the door to interest rate cuts could open much sooner than the central bank has predicted. Article content The Bank of Canada said in its January Monetary Policy Report that it doesn't expect the consumer price index to come close to its two per cent target until 2025. But Taylor Schleich, a rates strategist at National Bank of Canada Financial Markets, said in note on Feb. 22 that there is a clear path to the two per cent target in the third quarter of this year. Article content “We've been skeptical for a while that it would take that long to get ‘home' on inflation and this week's softer-than-expected CPI report reinforced that skepticism,” Schleich said. “This sticky inflation outlook isn't a new one and has helped policymakers justify pushing back on near-term rate-cut discus Show less Read more
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