BoC Holds Key Rate Steady, But Opens Door To Future Cuts

Nov. 01, 2019 3:22 AM ETEWC, BBCA, EWCS, QCAN, FCAN, HEWC, ZCAN, FLCA
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Summary

  • The BoC's dovish tone signals potential for future rate cuts.
  • The BoC expected to cut rates in the next few months.
  • The ongoing trade conflicts and political uncertainty is a drag on the global economic outlook.

The Bank of Canada held rates steady for now, but opened the door to future rate cuts if the global backdrop worsens, adding further pressure to Canada's economy. Anthony Okolie talks with James Orlando, Senior Economist, TD Bank Group.

Editor's Note: The summary bullets for this article were chosen by Seeking Alpha editors.

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