It’s “interest rate day” again this week…
CTV News: “Most economists expect the central bank will deliver another quarter-point rate cut while it waits to see how long the dispute with Canada’s largest trading partner lasts.”
Financial Post: “The Bank of Canada is expected to cut its interest rate by 25 basis points on Wednesday, amid trade uncertainty with the United States.”
Bloomberg: “There are growing expectations on Bay Street that the Bank of Canada will have to cut rates and increasingly we could see more rate cuts through the year.”
It appears the Bank of Canada announcement will be anti-climactic, doesn’t it?
This would be the seventh consecutive interest-rate cut by the Bank of Canada in nine months, five of 0.25 per cent and two of 0.50 per cent. The next announcement is scheduled for April 16.