Pimco - With the Bank of Canada, Is the Canadian Economy in Good Hands?

- A disorderly decline in energy prices could spill over into consumer and business sentiment, which would worsen any drop in Canada’s economic output. 

- More rate cuts this year are likely a part of the Bank of Canada’s base case scenario. 

- Investors may be able to improve their returns by buying bonds with high-quality credit spreads, including Canadian bank senior debt and Ontario bonds.