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Vanguard Says Fed’s Caution Will Hold Back Canada on Rate Cuts

(Bloomberg) — The Bank of Canada may hesitate to make aggressive rate cuts until policymakers feel assured the Federal Reserve is ready to start lowering borrowing costs, Vanguard Group economist Roger Aliaga-Diaz said. Most Read from Bloomberg Fed policymakers last week shifted their forecasts for the path of interest rates, signaling just one cut in […]

Bank of Canada first to cut rates in G7, economist bets are on another in July

Wednesday’s move by the Bank of Canada – the first cut from a central bank among G7 nations since 2020 – was widely expected by economists and markets. (REUTERS / Reuters) The Bank of Canada cut its benchmark interest rate by 25 basis points to 4.75 per cent on Wednesday, the first reduction in more […]

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