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how much will they cut? part II
In last week’s installment of “how much will they cut”, we noted that the September jobs data from Statistics Canada was unlikely to compel the Bank of Canada to move beyond a 25-basis-point cut. We also noted that the September Consumer Price Index (CPI) data would give us a clearer picture of the path going forward—and indeed it has.
Oct 2024
Article
3 min read
how much will they cut? part I
There is much anticipation around the Bank of Canada’s next interest rate announcement on October 23rd. And while there is broad consensus that the Bank will further reduce its policy rate (a sentiment we strongly share), the big question that remains is whether the Bank will trim another 25 basis points or if they will opt for a so-called 50-basis-point “jumbo cut”.
Oct 2024
Article
3 min read
Ryan Wyse
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