Reported 24 days ago
Bank of Canada Governor Tiff Macklem has suggested that the central bank may accelerate interest rate cuts due to concerns about the labor market and falling oil prices affecting the economy. After maintaining a high key policy rate of 5% for over a year, the bank has recently reduced it to 4.25%. Macklem emphasized that as the bank approaches its inflation target, it becomes more cautious about potential economic downturns.
Source: YAHOO