RTRS Poll: BOC to maintain wait-and-see stance on monetary policy until early next year

The latest Reuters poll (poll of 38 analysts) on the Canadian economic growth and BOC policy outlook published late Friday revealed the following:

On CAD economy:

The economy will grow 2.1% this year and 2.0% in 2018 (from 1.9% predicted for both years in January's poll)

For Q1 of 2017, forecast+2.6%

Expectations of stronger US demand

Government stimulus spending

Prospects of higher commodity prices

On BOC outlook:

Likely to stay on the sidelines, "wait-and-see stance" on monetary policy until early next year