BMO suggest bond sell-off as a means for Canada’s economy change

Bank of Canada Governor Stephen Poloz is taking into account the changes to be made to the country’s economy as a result of sell-off and according to the Bank of Montreal, the country’s economy has been doing quite well despite what people say.
One thing Canadian investors should look out for is sell-off in the bonds market as the Canadian economy has been very vibrant.
A transformation in the perception Canadians have about the economy will boost the government’s bonds maturing in two to ten years says Benjamin Reitzes, a senior economist at BMO.
Bond yields are also expected to increase by July 2018 as investors will commence pricing in monetary tightening despite the fact that the Bank of Canada is not projecting an increase in interest rates.
According to Reitzes, “a massive change in Canadian’s thinking is about to comes and the wrong idea of people will come as a shock for investors.”
The Canadian economy which was down almost through the first half of 2016, made a recovery after the wildfires in Alberta. Furthermore, for the past 15 years, the job market has released its strongest six months increase.
This means that Poloz will find it difficult to remain claim at the rates meeting next week as the economy has grown over the expectation of people.