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  • Big Canada Banks See Jumbo Cut After Surprisingly Soft Inflation

    From bnnbloomberg.ca

    All but one of Canada’s six biggest lenders now expect the central bank to cut borrowing costs by half a percentage point after inflation cooled by more than expected last month. Toronto-Dominion Bank is now the only major lender to see the odds of either a 25 or 50 basis-point cut next week as a coin flip, following the latest report that showed inflation fell below the Bank of Canada’s 2% target for the first time in more than three years. Bank of Nova Scotia, Bank of Montreal and National Bank of Canada meanwhile joined Royal Bank of Canada and Canadian Imperial Bank of Commerce, changing their calls from the ... (full story)

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