RBC on the Bank of Canada 50bp rate cut, analysts at the bank expect another 50bp cut at the December meeting:
- cut was in response to more and more signs that both the economy and the jobs markets are slowing down more than is needed in order hit 2% inflation target
- this cut will not the last, rates are still restricting
- 2025 will bring a more gradual pace of easing, down to 2% by July
Earlier:
This article was written by Eamonn Sheridan at www.forexlive.com. Source