The Bank of Canada (BoC) cut its policy rate by 25 basis points to 4.25% amid concerns about consumer spending and residential investment. Minutes from the September 4 meeting indicated that households may be waiting for lower rates before making significant purchases. While inflation pressures are easing, some members expressed worries about potential downside risks if economic activity continues to weaken. Future rate decisions will depend on incoming data, with the possibility of accelerating cuts if necessary, while also considering the need to support economic growth.
Continue to full article
