Canada’s major economists exert a large influence on rate expectations in this country. So, it’s always interesting to hear an economist's own take on the value of economic forecasting and rate projections.
For thoughts on this and more, we turned to Sal Guatieri. Sal has been forecasting the economy for over 15 years. Formerly with the Bank of Canada, he’s now Senior Economist at BMO Capital Markets. Sal is a frequent media commentator and an authority on North America’s economies, foreign exchange markets, and interest rates.