David McKay predicts central banks will hike rates sometime next year
The country has not had a trade surplus since May 2019
Earnings for the big companies in the S&P 500 index are on track to be nearly 4% higher than a year earlier
Low interest rates remain a key driver of home sales
Total economic activity in December was about 3% below the pre-pandemic level in February 2020
That compares with a deficit of $11 billion over the same period a year earlier
Financial markets rebounded following the central banker’s comments
The head of the central bank warns of “excess exuberance” in the housing market
But consumers are more optimistic about current conditions than they are about the near future
Making child care more affordable would help women return to the labour force, the BoC governor says