BoC is done hiking rates but it can’t tell us that because housing market could get inflamed again [Video]

Frances Donald, global chief economist and strategist at Manulife Investment Management, joins BNN Bloomberg for her view on the Bank of Canada’s latest rate decision. Donald says the BoC doesn’t need anyone to get excited about rate cuts as it could bring inflation higher, hence the Bank remains hawkish. She adds the Bank will probably cut rates in early 2024. She says Canada is likely in a technical recession.

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