Possible scenario
BoC Stays Patient
35% Chance
The Bank of Canada leaves rates unchanged and leans on the soft labor market and lower core inflation to justify patience. This remains a strong possibility because the recent data flow before the headline had reduced expectations for an October hike.
Initial impacts
- Riskier companies' borrowing costs Down
- Market volatility Down
- 10-year Treasury yield Down
Secondary impacts
- Consumer Cyclicals +0.2%
- Utilities +0.2%
- Technology +0.2%
Portfolio impact
S&P 500+0.1%
Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.
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