Doug Ford urges Bank of Canada to cut interest rate

Financial World

Bank of Canada expected to cut interest rates this week

This week, the Bank of Canada (BoC) is expected to cut its key interest rate by 25 basis points. In the June communication, Governor Tiff Macklem described the rate cut as a "reduction in tightening." This statement is expected to be repeated at the upcoming meeting. Caution in light of recent inflation developments The BoC may be more cautious in its rhetoric due to the rebound in core inflation in April and May. Although this development could…