Business Magazine

‘We Wouldn’t Be Surprised by a 50 Basis Point BoC Move’: What Economists Are Saying After Today’s GDP Data

Posted on the 30 August 2024 by Phil's Stock World @philstockworld

Canada's economy grew faster than expected in the second quarter, data showed on Friday. But the report also pointed to economic weakness over the summer, keeping an interest rate cut next week by the Bank of Canada clearly in view. Implied interest rate probabilities in swaps markets suggest an 80% ...

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