Bank of Canada Is Expected to Cut Interest Rate Today
Bank of Canada Is Expected to Cut Interest Rate Today The Bank of Canada is expected to announce a rate cut today at 9:45 a.m. ET. In June, the central bank cut the benchmark rate to 4.75%, the first reduction in over four years. With inflation easing to 2.7% and the economy's sluggish growth, economists widely predict another cut. The unemployment rate rose to 6.4% in June, and money markets have priced in an 86%…