Don’t look for another interest rate hike for two more years; in fact, there is a one in three chance the Bank of Canada will actually cut rates before the end of this year, Morgan Stanley predicts.
Wednesday’s interest rate cut by the Bank of Canada was not widely expected and has not been universally welcomed, but it’s certainly got everyone talking.
Wait a minute. Weren’t rates supposed to go up this year? If it wasn’t embarrassing enough to be a rate forecaster before, it is now.
The looming threat of sliding oil prices forced the Bank of Canada to drop its trend-setting interest rate Wednesday.
From mortgages to savings accounts, Canadians will feel the effects of the central bank's move
The New Lending Services Price Index was unchanged from the previous quarter, following a 1.9% decrease in the second quarter.
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