Bank Of Canada Cuts For A Third Time With Rates Heading Towards 3%
September 04, 2024 at 12:35 PM EDT
The BoC cut rates for a third consecutive meeting, citing easing inflation pressures, rising unemployment and a cooling economy. Further cuts are coming and we are targeting 3% rates for next summer. Our near-term target for USD/CAD is 1.35-1.36.
