The Bank of Canada has been sounding relatively relaxed of late regarding the risks facing the economy. The press release from the December 4 policy meeting talked of “nascent evidence that the global economy is stabilizing”, with Canada’s growth likely to “edge higher over the next couple of years.” They suggested little appetite to embark on renewed policy easing by stating that downside risks from trade conflicts need to be set against “the sources of resilience in the Canadian economy – notably consumer spending and housing activity.” In this regard, the economy is experiencing average wage gains of 4.4%YoY right ... (full story)