BoC Governor Macklem says governing council felt it was hard to assign a probability to risks to the outlook

Governor Macklem's comments suggest that the Bank of Canada's governing council is struggling to quantify the risks impacting their economic outlook.

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BoC Governor Macklem says governing council felt it was hard to assign a probability to risks to the outlook

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This indicates uncertainty in their policy decisions and could imply a more cautious approach to rate adjustments in the near term. Expect this to weigh on CAD sentiment and influence fixed income markets as traders reassess their rate path expectations.

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