Reported 6 months ago
As the Bank of Canada considers cutting interest rates due to a lack of need for restrictive rates, Governor Tiff Macklem and policymakers are assessing whether to take the step this week or in July based on inflation control. While most analysts expect a rate cut Wednesday, some big Canadian lenders are divided. The decision could make Canada the first in the G7 to embark on an easing cycle. However, uncertainties remain regarding economic momentum and household debt as the Bank weighs the timing and pace of any rate adjustments.
Source: YAHOO