Economists expecting sixth straight — but more modest — rate cut from Bank of Canada
- The Bank of Canada is expected to lower its key policy rate by a quarter of a percentage point to three percent, according to economic forecasts.
- Canada's annual inflation rate fell to 1.8 percent in December, influenced by a temporary GST tax break introduced by the federal government.
- The possibility of a trade war with the U.S. Could prompt the Bank to make a modest rate cut, as stated by economist Tu Nguyen.
- The latest jobs data shows that Canada's labor market added 91,000 jobs in December, with the unemployment rate dipping to 6.7 percent.
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Leaning Left24Leaning Right3Center3Last UpdatedBias Distribution80% Left
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- 80% of the sources lean Left
L 80%
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