When doing nothing is the smartest move

 

The Bank of Canada gave us no hike, no cut and no forecasts for growth or inflation, says Philip Petursson, Chief Investment Strategist at IG Wealth Management. He says the bank’s recent decision to stand firm at 2.75% reflects a cautious “wait and see” approach in the face of global and domestic uncertainties. Philip delves into the bank's well-balanced statement, the clashing forces of economic slowdown and tariff-driven cost increases, and why staying put might be the best strategy in such a volatile environment.

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