The Bank of Canada cut by 25bp on Wednesday, news and analysis posts here:
From noted economist David Rosenberg, calling for plenty more to come:
- The Bank of Canada’s decision to lower its key interest rate to 4.5% is the right move, and I predict more cuts are coming soon. Despite the recent dovish tone of BoC, current rates are still too high for an economy with such excess supply. I believe rates will eventually drop to 2%, and wouldn’t be surprised if we go lower.
Comments via tweet but it seems to have vanished.
Bank of Canada earlier
This article was written by Eamonn Sheridan at www.forexlive.com. Source