BMO economist predicts rate cuts and lower inflation for Canada, while highlighting weak economic growth and corporate profits on Nostr: Bank of Canada may cut rates ahead of Federal Reserve despite weaker loonie ...
Bank of Canada may cut rates ahead of Federal Reserve despite weaker loonie
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#f1e9e32a ver:0.13
Bank of Canada may cut rates ahead of Federal Reserve despite weaker loonie. Economists predict rate cuts in June or July, with inflation reading being crucial. Canadian economy trails behind US due to weaker productivity growth, higher household debt, and shorter mortgage cycle. Canadian dollar caught in crosshairs, could sink to 70 US cents. Lack of correlation between rising oil prices and loonie value suggests end of petroloonie phenomenon. Factors like commodity prices and bond yields still influence loonie value. Bank of Canada's decision on rates depends on economic indicators, including upcoming jobs report for March. #BankofCanada #interestrates #Canadianeconomy #loonie...
#newstr #BankOfCanada #FederalReserve #InterestRates #Inflation #CanadianDollar #UsDollar
https://here.news/story/f1e9e32a?ver=0.13
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#f1e9e32a ver:0.13
Bank of Canada may cut rates ahead of Federal Reserve despite weaker loonie. Economists predict rate cuts in June or July, with inflation reading being crucial. Canadian economy trails behind US due to weaker productivity growth, higher household debt, and shorter mortgage cycle. Canadian dollar caught in crosshairs, could sink to 70 US cents. Lack of correlation between rising oil prices and loonie value suggests end of petroloonie phenomenon. Factors like commodity prices and bond yields still influence loonie value. Bank of Canada's decision on rates depends on economic indicators, including upcoming jobs report for March. #BankofCanada #interestrates #Canadianeconomy #loonie...
#newstr #BankOfCanada #FederalReserve #InterestRates #Inflation #CanadianDollar #UsDollar
https://here.news/story/f1e9e32a?ver=0.13