Reported 7 months ago
The CEO of Fiera Capital Corp., Jean-Guy Desjardins, believes that the conditions are favorable for the Bank of Canada to lower its policy interest rate to around 3% by the end of next year. He mentions that the market has not reacted significantly to signals of a potential rate cut and that the Canadian dollar has weakened in anticipation of this adjustment. The Bank of Canada is expected to continue cutting rates if inflation cools down, and Desjardins suggests that the central bank may have the flexibility to make further cuts based on market expectations and economic conditions.
Source: YAHOO