Possible scenario
BoC Easing Cushion
+0.1%
The most likely path is a managed slowdown in which the Bank of Canada leans more dovish without declaring a recession. Flat July and August GDP, weaker payrolls, and the earlier downgrade to 2026 growth give policymakers room to signal insurance easing if inflation allows.
What it moves
- Technology+0.3%
- Industrials−0.2%
- Riskier companies' borrowing costs
- Market volatility
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