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  • Canada – Going north, gradually - Updated Thu March 13, 2014

    We revise up our forecast for Canada’s GDP growth to 2.2% y/y for 2014 • We now see inflation rising to 1.4% for 2014, 0.2ppt down from our prior estimate • We expect the BoC to hike its policy rate in Q4-2015, one quarter earlier than previously ...

  • UK/Canada – Carney: A pragmatic BoE helmsman - Updated Thu November 29, 2012

    • As governor of the Bank of England from July 2013, Mark Carney is likely to face ongoing challenges • UK rates look set to stay on hold long after the BoC starts to hike; we expect more QE will be needed • FX – Expected policy continuity at both...



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Global Focus - The world in transition

The world economy is in transition. Global growth rates are picking up, but transition means elevated risks and volatility. In terms of global implications, all eyes will be on the US and China, with the US normalising monetary policy and China rebalancing its economy.