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Bank of Canada should cut rates by 100 basis points before taking a pause, financial experts say Debt Guru

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Bank of Canada should cut rates by 100 basis points before taking a pause, financial experts say Debt Guru

This is according to the Bank of Canada’s latest quarterly survey of market participants, which consists of a questionnaire sent to 28 influential players in the financial markets. Based on the median of the results, respondents estimate that the central bank will make four additional quarter-point cuts by June 2025, bringing the policy rate to … Read more

With inflation below target, the BoC is expected to impose a very significant rate cut this week Debt Guru

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With inflation below target, the BoC is expected to impose a very significant rate cut this week Debt Guru

By Nojoud Al Mallées The central bank’s interest rate announcement Wednesday comes after Statistics Canada reported that the annual inflation rate fell to 1.6% in September, below the inflation target of 2 % of the Bank of Canada. Nathan Janzen, deputy chief economist at RBC, said the latest consumer price index report reinforced his expectations … Read more