” he said. “To unlock the savings that households have built up, we think the Bank of Canada will need to continue cutting interest rates at each of its decision dates until at least the middle of next year.”
"The Bank of Canada will most likely cut its policy rate by 25 basis points on January 29th. Several factors are currently at play: 1) the inflation at 1.9% in November, 2024 is well within the 1-3% target range, 2) the Canadian dollar is not doing so well lately against the U.S....
"The Bank of Canada has been clear that they're taking a data-dependent approach with their rate decisions, and the latest economic reports — such as June CPI and consumer surveys — have cemented high expectations of another quarter-point cut on July 24," she told Thursday. "Inflation eas...
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