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BoC to cut but soft-landing calls underplay economic weakness: David Rosenberg
video One veteran economist says he expects the Bank of Canada to lower its key policy rate by 25 basis points Wednesday while signalling more cuts ahead, but says he disagreed with the consensus around a soft landing. According to a survey by Bloomberg last week, Canada’s central bank is not expected to deliver outsized rate cuts going forward. Instead, most economists surveyed are predicting 25 basis point cuts at the next five announcements until its key policy rate hits 3.25 per cent. Bloomberg News also reported that none of the 18 analysts surveyed predicted the Bank of Canada to cut rates by 50 basis ... (full story)
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- Posted: Sep 4, 2024 4:31am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 4,946
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