Bank of Canada readies the axe

Post the first comment Back to the blog With central banks around the world slashing their key interest rates in recent weeks, the Bank of Canada is unlikely to buck the trend when it releases its decision on rates on Tuesday morning.

Here's what a few Canadian economists are expecting: Charmaine Buskas, senior economics strategist, TD Securities: "We expect a 50 basis point rate cut by the Bank of Canada on December 9th, leaving the overnight rate at 1.75 per cent. The Bank of Canada has...
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