Ed Devlin, founder of Devlin Capital, discussed with BNN Bloomberg the Bank of Canada’s decision to taper its bond purchase program and revise its economic forecasts.  On balance, Ed thinks the BoC’s growth forecasts might be a bit conservative.  At the margin, he thinks the BoC will keep monetary policy accommodative until inflation is sustainably at, or above, the 2% target.

Then, see Ed’s reaction to BoC Governor Tiff Macklem’ press conference in part 2 of the interview.