BoC delivers 3rd rate cut & bringing rate to 4.25% BoC no...
BoC delivers 3rd rate cut & bringing rate to 4.25%
BoC noted that while the economy grew at a faster pace than expected in the second quarter, preliminary data for June and July suggest economic activity slowed.
BoC Gov reiterated that if inflation continues to ease as expected, it is “reasonable” to expect more rate cuts.
Canada’s annual inflation rate has been below 3% for months, reaching 2.5% in July. $ISHARES S&P/TSX 60 INDEX ETF UNIT (XIU.CA)$
BoC noted that while the economy grew at a faster pace than expected in the second quarter, preliminary data for June and July suggest economic activity slowed.
BoC Gov reiterated that if inflation continues to ease as expected, it is “reasonable” to expect more rate cuts.
Canada’s annual inflation rate has been below 3% for months, reaching 2.5% in July. $ISHARES S&P/TSX 60 INDEX ETF UNIT (XIU.CA)$
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