Bank of Canada reduces policy rate by 0.50%
Posted by: Aneta Zimnicki
Bank of Canada (BoC) drops their rate by 0.5%, ‘to support economic growth’. Consumption has continued to grow but is declining on a per person basis. The labour market remains soft. Population growth has continued to expand the labour force while hiring has been modest. Wage growth remains elevated relative to productivity growth. Overall, the […]
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