Economic Highlights:
Monetary Policy: The Bank of Canada maintained the policy rate at 2.75%, citing uncertainties from U.S. trade policies.
Inflation: Inflation rose to 2.3% in March but is expected to decrease to 1.5% in April due to the removal of the consumer carbon tax and lower global oil prices.
Economic Growth: The Canadian Federation of Independent Business (CFIB) estimated Q1 growth at 0.8%, with a projected contraction of 5.6% in Q2. Reuters+1Reuters+1Best Stock Market Tools
Market Movements:
TSX Performance: The index advanced, supported by rising oil and gold prices, boosting the commodities sector.
Bond Market: The Canadian yield curve steepened, indicating investor expectations of future economic growth. Best Stock Market ToolsFinMarkets Infrastructure & Data
Strategic Insights:
Commodities and related equities may offer growth opportunities amid rising prices.
Fixed-income investors should monitor yield curve movements to adjust duration exposure accordingly.
