The Loonie Hour Podcast
Bank of Canada Cuts Rates, Signals More to Come
July 26th, 2024
The BoC cut rates, highlighting excess supply and concerns over a weakening labour market. The Canadian Dollar continues to weaken, with more rate cuts expected. US GDP came in stronger than expected, perhaps delaying any rate cuts in the US. Rep issues brewing in Canada, suggesting collateral concerns are growing at some banks.
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