October 2024

Rate Cut by the Bank of Canada (BoC) The BoC made a significant move this morning by cutting the overnight rate by 50 basis points (bps) to 3.75%. This follows three consecutive 25 bps rate cuts. The market had already anticipated a 90% chance of this 50 bps cut due to: Slower-than-expected GDP growth. Consecutive weak inflation reports. The larger cut aims to boost growth faster,...