Bank Of Canada Balances Growth And Inflation Risks As It Eyes More Cuts

Sep. 05, 2024 3:07 PM ET, , ,
TD Wealth
4.99K Followers
(13min)

Summary

  • Has the Bank of Canada beaten inflation? Not completely.
  • Why the BoC has become worried about Canada's economic outlook.
  • The BoC signals the potential for bigger cuts in upcoming meetings.

man with Canadian flag on the background of the sea and mountains

elenaleonova

After cutting rates for a third straight meeting, the Bank of Canada is highlighting concerns about the economy becoming too weak, while also underlining the ‘opposing forces’ clouding its inflation outlook. Andrew Kelvin, Head of Canadian and Global Rates Strategy with TD Securities, joins MoneyTalk’s

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