Canadian businesses expect potential Bank of Canada rate cuts to stimulate demand amid sluggish economic conditions.
Canadian businesses are experiencing sluggish economic conditions but are optimistic that potential rate cuts from the Bank of Canada could stimulate demand. Recent job data indicates a rebound in hiring for September, which may reduce the likelihood of a significant rate cut. Economists note that while a 50 basis point cut is desired, it is not guaranteed based on the current economic indicators.
October 11, 2024
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