Financial markets and forecasters are betting on another jumbo interest rate cut from the Bank of Canada this week.
Odds of a Bank of Canada 50-basis-point cut Wednesday rose after jobs data showed the unemployment rate hit a seven-year high. Read more.
This sharp rise in joblessness, despite stronger-than-expected payroll additions, prompted many analysts to revise their forecasts from a 25-bps cut to 50 bps.
Futures markets are currently pricing in an 85% chance that Canada's central bank cuts interest rates by 50-basis points, or half a percentage point, in coming ...
Expectations for interest rate cuts in Canada continue looking into 2025, with a 50-basis point (bps) rate cut this week priced at 85 per cent.