Is a Bank of Canada Rate Hike Off the Table?

The video discusses the divergence in bond market expectations between the Bank of Canada and the Federal Reserve, highlighting Canada's economic indicators such as trade exports and GDP. It explores historical economic trends between the US and Canada, noting the rare occurrence of differing central bank actions. The leadership styles of central bankers like Stephen Poloz and Janet Yellen are compared, with a focus on their approaches to economic recovery and policy signaling. The video concludes with an analysis of Canada's recovery prospects, emphasizing non-energy exports and the impact of the Canadian dollar.

What recent economic indicator in Canada has reduced the likelihood of a rate cut?

• Rise in unemployment rate

• Decline in second quarter GDP

• Increase in July merchandise trade exports

• Decrease in merchandise trade exports

Historically, how have the economies of Canada and the USA moved?

• Unpredictably

• In opposite directions

• Roughly in tandem

• Independently

What is unusual about the current central bank policies of Canada and the USA?

• Canada is cutting while the USA is hiking

• Canada is hiking while the USA is cutting

• Both are hiking rates

• Both are cutting rates

How is Stephen Poloz's approach to forward guidance different from Mark Carney's?

• Poloz uses forward guidance for short-term predictions

• Poloz uses forward guidance only in crises

• Poloz avoids using forward guidance

• Poloz uses forward guidance more frequently

What has Stephen Poloz hinged Canada's recovery prospects on?

• Government spending

• Domestic consumption

• Non-energy exports

• Energy exports