The Bank of Canada is easing its policy stance as the economy shows signs of recovery, and after lowering the interest rate to 4.75 per cent in Jun...
According to Deloitte's latest summer forecast, the Bank of Canada is likely to announce another rate cut in 2024.
However, ongoing weak investment and productive performances continue to"pose risks" to the country's long-term economic outlook.Deloitte predicts that the unemployment rate will remain high before dropping in 2025. And as inflation continues to ease, Canadians can expect to see slower wage growth in 2024 and 2025.
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