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Canada can easily cut interest rates by another 25 basis points in weak employment data
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11 hours ago 6,702
Golden Finance reported that Canada is one of the main tariff targets of US President Trump, which makes Canada's data and events attract more attention than before. The Bank of Canada will announce its interest rate decision on Wednesday. The likelihood of a rate cut appears to be growing as Canada's job data weak in February (even before tariffs are implemented). “Employees slowed even before the tariffs were implemented, which allowed the Bank of Canada to easily cut interest rates by another 25 basis points,” economists at Desjardins Group said in a note.
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