ALL EYES ON BOC TODAY, UP/DOWN/HOLDWhat will Tiff say today at the BOC meeting? Inflation still not to 2% although down from highs still causing issues on the Frontline for food and energy. Mortgages too, are an issue. Big decisions for renewals. Fixed or variable? Increased costs to pay mortgages will take money out of the greater economy and slow spending. This will be the case moving forward for all countries raising rates. Demand destruction at its best I'd say. They want to slow things down to stable levels to keep Inflation in check. US is proving resilient. We'll see later this week what the FED has to say about that.
US economy up or down won't affect Sherritt’s sales regardless since they are excluded from that market. Europe and Asia where Sherritt sells its goods however, are a different story. Any slowdown there will impact Sherritt's bottom line IMO.
https://www.ctvnews.ca/business/bank-of-canada-to-announce-interest-rate-decision-this-morning-1.6549401