The Bank of Canada’s decision to hold its key policy rate at 0.50% today doesn’t mean that further rate cuts are off the table, as it depends on the details of the forthcoming Federal stimulus budget due later this month. If that budget doesn’t rejuvenate the flagging economy, as we suspect, then the Bank will have no other choice but to cut interest rates again, possibly as soon as next month.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.