Busy day suggests good future for Canada

Canada had a busy day data-wise yesterday as they released both their Monetary Policy Report and overnight rate. The overnight rate remained constant at 0.5% as expected, while the monetary report contained slightly more dovish tones than its January counterpart. However, it is clear that after a slow start to 2016, the economy is expected to regain momentum. Coupled with the agreement from Saudi Arabia to discuss an oil output freeze, the next quarter looks a lot brighter for Canada

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