“Dovish” refers to a type of monetary policy that favours lower interest rates and more stimulus to boost economic growth and employment.

If the Bank of Canada has a dovish stance, it means it wants to make borrowing easier for consumers and businesses, which can increase spending, demand, and production.

Dovish monetary policy is the opposite of hawkish monetary policy, which favours higher interest rates and less stimulus to control inflation and prevent overheating.

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