EPV - Week Ahead: Bank Of Canada To Reduce Purchases; Global Economic Recovery To Pickup

• The global economic recovery is gaining momentum as the world’s two largest economies continue to deliver robust economic readings.
• US stocks are steadily making fresh record highs and that could continue if Treasury yields take their time in recapturing the highs made at the end of March.
• The economic situation is much more optimistic than it was in the January meeting and Wall Street is now expecting the first BOC rate increase in the second half of 2022, with five total hikes through the end of 2023.
• Financial markets will continue to track developments over the J&J vaccine as that will have an impact on the short-term outlook with vaccine distributions across Europe and emerging markets.

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