{
  "id": 27052,
  "title": "Bank of Canada: Strong GDP lowers cut risk – TD Securities",
  "url": "https://urgent.news/2026/07/31/bank-of-canada-strong-gdp-lowers-cut-risk-td-securities",
  "topic": "world",
  "section": "World",
  "published": "2026-07-31T14:59:13.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/bank-of-canada-strong-gdp-lowers-cut-risk-td-securities-202607311459"
  },
  "original_language": "en",
  "account": "TD Securities analysts Robert Both and Emma Lawrence highlight that stronger-than-anticipated Canadian Gross Domestic Product (GDP) data provide a glimpse of a more optimistic growth outlook for the Bank of Canada (BoC). Despite Q2 GDP being above BoC projections, the analysts maintain their view that policy rates will remain unchanged through 2026 before a gradual hiking cycle begins in early 2027. The Canadian growth outlook appears brighter after industry-level GDP increased by 0.3% month-over-month in May, surpassing expectations of a 0.2% rise. TD Securities and the market had forecasted a 0.1% increase. This report suggests that the Bank of Canada should remain cautious about raising rates in 2027. While the May GDP surprise offers added confidence in the economy adjusting to the uncertain environment, the analysts anticipate the BoC will wait until 2026 to hike policy rates to 2.75%, as excess supply gradually gets absorbed.",
  "summary": "TD Securities’ Robert Both and Emma Lawrence note that stronger-than-expected Canadian Gross Domestic Product (GDP) data support a brighter growth outlook but do not materially change their Bank of Canada (BoC) view.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}