Bank of Canada Minutes Say Governing Council Felt Rapid Population Increase And Coming Decline In Non-Permanent Residents Complicated Outlook For Economic Activity And Inflation
Portfolio Pulse from Benzinga Newsdesk
The Bank of Canada's minutes revealed that the Governing Council believes the rapid population growth and the anticipated decrease in non-permanent residents could complicate the economic activity and inflation outlook. This insight reflects the complexity of predicting economic trends in the face of demographic changes.
April 24, 2024 | 5:33 pm
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The Bank of Canada's observations on population dynamics could influence investor sentiment towards Canadian markets, potentially affecting the iShares MSCI Canada ETF (EWC).
While the Bank of Canada's minutes do not directly impact stock prices, the economic outlook and inflation concerns tied to population changes can influence investor sentiment towards Canadian assets, including EWC. However, the effect may be neutral in the short term as investors digest the implications.
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