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Chris Wattie/Reuters
The Bank of Canada’s next policy move will be to taper its asset-purchase program following a solid economic rebound and sustained growth later this year, according to a majority of economists in a Reuters Poll.
Despite renewed lockdowns in some provinces and expectations of a slowdown this quarter policy-makers expect a recovery to be driven by a successful vaccine rollout, knock-on effects from a U.S. fiscal package and further gains in oil prices.
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Stocks could continue to go higher at least through the end of the first quarter given the massive stimulus out of Washington and the Fed s purchase program,