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