Economists Predict Bank Of Canada Will Cut Rates In September


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Don’t be surprised if the Bank of Canada cuts rates come September. Economists say the likelihood of this has increased thanks to the slowdown in the Canadian economy and the growth of trade tensions.

The odds of a cut by the central bank’s next decision on Sept. 4 is only 20 per cent. However, Macquarie Capital Markets believes the chances are much higher at more than 50 per cent, the Financial Post reports. They predict another cut will follow in October.

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