Jon Erlichman
Anchor at BNN Bloomberg
Correspondent & Anchor, CTV National News at CTV News
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Nov 2, 2023 |
thecanadafinancejournal.com | Jon Erlichman |WTI Crude |WCS Crude
Risks related to looming mortgage renewals mean the Bank of Canada is done hiking interest rates, according to a prominent strategist who predicts rate cuts to come halfway through next year. “The bank is done raising rates,” Royce Mendes, head of macro strategy at Desjardins, told me in a television interview Thursday. “In Canada, we have to expect that the next move is going to be a cut."Mendes sees that happening as soon as the second quarter of next year.
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