Australia and Canada could emerge in better shape than US
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Both the Reserve Bank of Australia (RBA) and Bank of Canada (BOC) surprised markets this week with more dovish policy statements. The RBA did increase rates, as expected, while BOC rates remained on hold after rising swiftly last year. We’ve written about the relationship between Australia and Canada previously and often see both countries, taken together, as a potential precursor for the much larger US economy.
Australia and Canada could emerge in better shape than US
Australia and Canada could emerge in better…
Australia and Canada could emerge in better shape than US
Both the Reserve Bank of Australia (RBA) and Bank of Canada (BOC) surprised markets this week with more dovish policy statements. The RBA did increase rates, as expected, while BOC rates remained on hold after rising swiftly last year. We’ve written about the relationship between Australia and Canada previously and often see both countries, taken together, as a potential precursor for the much larger US economy.