Money: TD predicts rates on hold through 2020 - PressFrom - Canada
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MoneyTD predicts rates on hold through 2020

20:40  14 march  2019
20:40  14 march  2019 Source:   msn.com

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TD predicts rates on hold through 2020 © Provided by thecanadianpress.com The Bank of Canada is seen in Ottawa on May 30, 2018. TD Securities is predicting the Bank of Canada will keep its key interest rate on hold through to the end of next year.

TORONTO - TD Securities is predicting the Bank of Canada will keep its key interest rate on hold through to the end of next year.

The forecast builds on the firm's forecast last week that the central bank would not hike its key interest rate target this year.

Andrew Kelvin, TD's senior Canada rates strategist, says recent economic data suggests that if the Bank of Canada moves in 2019, it is more likely to be a rate cut than an increase.

In keeping its key rate on hold last week, the Bank of Canada pointed to "increased uncertainty" about the timing of future rate hikes following the economy's abrupt deceleration in late 2018.

The central bank said it had been expecting a drop in household spending as well as weak numbers for exports and investment in oil-producing provinces in the fourth quarter, but the slowdown was "sharper and more broadly based" than it had anticipated.

Calgary secures three-year X Games rights.
Calgary has secured exclusive Canadian rights to hold the X Games and hopes to bring the event to the Alberta city for a three-year run starting next winter. The plan is subject to obtaining corporate sponsorship. The X Games, launched in 1995, are held in summer and winter, and highlight youth culture, musical performances and extreme sport. The Winter X Games include snowboarding and freestyle skiing competitions. Tourism Calgary says it has been working for a decade to become a host along with cities such as Shanghai, Oslo and Sydney and the resort community of Aspen, Colo. Organizers predict the X Games would bring 75,000 spectators to the region.

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