NAFTA/tariff storm: BoC to remain cautious? - ING

Analysts at ING explained that until the NAFTA/tariff storm begins to blow over, we think the Bank will remain cautious. 

Key Quotes:

"The latest mixed flow of economic data also takes some of the pressure off policymakers to act.

But assuming the protectionist cloud begins to blow over later in the year, and core inflation continues to “edge up”, we expect the Bank of Canada to recommence its tightening cycle in the second half of the year."