Saturday, 31 August 2024

BoC to Cut Rates Again Ahead of Pivotal U.S. Employment Report

by BD Banks

We expect another 25-bps cut to the overnight rate (to 4.25%) from the BoC meeting next week to build on cuts already delivered in each of the prior two meetings in June and July. Comments from Governor Macklem will likely again err on the dovish side, continuing to emphasize a softening economic backdrop that makes […]

The post BoC to Cut Rates Again Ahead of Pivotal U.S. Employment Report appeared first on Action Forex.

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