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Bank of Canada likely to cut 50 bps, slow the pace in 2025
Expectations for interest rate cuts in Canada continue looking into 2025, with a 50-basis point (bps) rate cut this week priced at 85 per cent. But the pace is expected to slow with less than three more 25-bps rate cuts in 2025. The primary catalyst is the weakening labour market outlook and to some degree a rebound in inflation risks. We maintain that the massive debt and deficits will make monetary policy far more challenging in the decades ahead than in the decades past. The data from Statistics Canada since the 1970s shows the average unemployment rate in Canada was about eight per cent (blue dash) with the ... (full story)
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- Posted: Dec 9, 2024 2:49pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 3,984
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