Bank of Canada's Estimate for Neutral Rate May be Too High

Dow Jones

07/09

0909 ET - Canada's neutral interest rate might be a half-point lower than current Bank of Canada estimates, says economist David Watt at Rosenberg Research. Economists say the neutral rate is the level that neither stimulates nor subtracts from growth, and the BOC estimates that in Canada it sits between 2.25% to 3.25%. Watt says a population decline, two decades of flat growth in capital stock, and lingering US trade-policy uncertainty have pulled Canada's estimate for the neutral rate down by roughly 50 basis points, to between 1.75% and 2.75%. As a result, Watt says, the BOC's main interest rate is likely too high at 2.25%, and a rate increase to guard against inflation risks from higher oil prices would be an error. (Paul.Vieira@wsj.com; @paulvieira)

(END) Dow Jones Newswires

July 09, 2026 09:09 ET (13:09 GMT)

应版权方要求，你需要登录查看该内容

免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。

热议股票

{"basename":"/hans","ssrTDKData":{"titleTemplate":"%s - 老虎证券","title":"老虎证券全球投资理财平台| 一站式投资美股新股港股A股","description":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","keywords":"老虎证券,老虎证券开户,老虎券商,老虎证券官网,老虎证券app,tigertrade老虎证券,股票,炒股,新加坡股票交易平台,投资,投资理财","social":{"ogDescription":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.itiger.com/hans/news/2650922524"},"companyName":"老虎证券"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2650922524\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2650922524?lang=zh_CN&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-07-09 21:09","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2650922524","market":"other","top_or_hot":-1,"title":"Bank of Canada's Estimate for Neutral Rate May be Too High","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0909 ET - Canada's neutral interest rate might be a half-point lower than current Bank of Canada estimates, says economist David Watt at Rosenberg Research. Economists say the neutral rate is the level that neither stimulates nor subtracts from growth, and the BOC estimates that in Canada it sits between 2.25% to 3.25%. Watt says a population decline, two decades of flat growth in capital stock, and lingering US trade-policy uncertainty have pulled Canada's estimate for the neutral rate down by roughly 50 basis points, to between 1.75% and 2.75%. As a result, Watt says, the BOC's main interest rate is likely too high at 2.25%, and a rate increase to guard against inflation risks from higher oil prices would be an error. (Paul.Vieira@wsj.com; @paulvieira) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 09, 2026 09:09 ET (13:09 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bank of Canada's Estimate for Neutral Rate May be Too High</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBank of Canada's Estimate for Neutral Rate May be Too High\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-07-09 21:09</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0909 ET - Canada's neutral interest rate might be a half-point lower than current Bank of Canada estimates, says economist David Watt at Rosenberg Research. Economists say the neutral rate is the level that neither stimulates nor subtracts from growth, and the BOC estimates that in Canada it sits between 2.25% to 3.25%. Watt says a population decline, two decades of flat growth in capital stock, and lingering US trade-policy uncertainty have pulled Canada's estimate for the neutral rate down by roughly 50 basis points, to between 1.75% and 2.75%. As a result, Watt says, the BOC's main interest rate is likely too high at 2.25%, and a rate increase to guard against inflation risks from higher oil prices would be an error. (Paul.Vieira@wsj.com; @paulvieira) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 09, 2026 09:09 ET (13:09 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FLCA","symbol_name":"Franklin FTSE Canada ETF","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2650922524","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2650922524","pubTimestamp":1783602540,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0909 ET - Canada's neutral interest rate might be a half-point lower than current Bank of Canada estimates, says economist David Watt at Rosenberg Research. Economists say the neutral rate is the level that neither stimulates nor subtracts from growth, and the BOC estimates that in Canada it sits between 2.25% to 3.25%. Watt says a population decline, two decades of flat growth in capital stock, and lingering US trade-policy uncertainty have pulled Canada's estimate for the neutral rate down by roughly 50 basis points, to between 1.75% and 2.75%. As a result, Watt says, the BOC's main interest rate is likely too high at 2.25%, and a rate increase to guard against inflation risks from higher oil prices would be an error.  Dow Jones NewswiresJuly 09, 2026 09:09 ET Copyright  2026 Dow Jones & Company, Inc.","collect":0,"end_time":0,"defaultTopTitle":"","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"FLCA":"Franklin FTSE Canada ETF","FXC":"加元ETF-CurrencyShares"},"translate_title":"加拿大央行对中性利率的估计可能过高","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FLCA":1.5,"FXC":1.5},"content_text":"0909 ET - Canada's neutral interest rate might be a half-point lower than current Bank of Canada estimates, says economist David Watt at Rosenberg Research. Economists say the neutral rate is the level that neither stimulates nor subtracts from growth, and the BOC estimates that in Canada it sits between 2.25% to 3.25%. Watt says a population decline, two decades of flat growth in capital stock, and lingering US trade-policy uncertainty have pulled Canada's estimate for the neutral rate down by roughly 50 basis points, to between 1.75% and 2.75%. As a result, Watt says, the BOC's main interest rate is likely too high at 2.25%, and a rate increase to guard against inflation risks from higher oil prices would be an error. (Paul.Vieira@wsj.com; @paulvieira) \n\n\n  (END) Dow Jones Newswires\n\n\n  July 09, 2026 09:09 ET (13:09 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}