The Bank of Canada will announce its interest rate decision this morning as forecasters expect it to deliver another quarter-point rate cut.
Tony Stillo, director of economics for Canada of Oxford Economics, joins BNN Bloomberg and talks about his thoughts on the possible Bank of Canada announcement
Encouraged by slowing inflation, the central bank has lowered its policy rate at its last two meetings. High interest rates have helped reduce price pressures this year, bringing Canada’s inflation rate down to 2.5 per cent in July.
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