The Bank of Canada cut by 25bp on Wednesday, news and analysis posts here:
Forexlive Americas FX news wrap 24 Jul:Watch out below! Broad indices worst day since 2022
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.
