CIBC’s Benjamin Tal was one of the few to correctly predict the BoC’s rate moves so far this year. Here is what he’s forecasting now

News Snapshot:

Major North American equity indexes are at or near record highs. With the earnings season largely behind us, investors will be focusing on economic data and announcements by central banks to provide direction to the markets. At the start of the year, CIBC’s deputy chief economist Benjamin Tal made a bold call counter to the Street’s expectations, arguing that the Bank of Canada would not be cutting rates in the spring as the market anticipated. His outlier forecast proved to be correct. The Globe and Mail reached out to Mr. Tal to get an update on his predictions for economic...