1046 ET - Upside risk to inflation and downside risk to growth make it sensible for the Bank of Canada to sit tight until there is more clarity, KPMG Canada's Ali Jaffery reckons. "Market bets of rate rises in the near future are totally off, as usual," the economist says. The central bank again left its policy interest rate unchanged, and its accompanying statement and press release had a balanced tone, Jaffery says. KPMG expects the bank will remain on hold until the end of 2027.
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