October 24, 2024 – Written by David Woodsmith
STORY LINK Canadian Dollar Today: Bank of Canada Deliver a 50bps Cut Amid Growth Concerns
After three 25bps cuts, the BoC decided to accelerate the easing cycle and deliver a 50bps cut.
With disinflation overshooting the 2% target to 1.6%, the bank is now clearly focused on supporting the economy.
Another cut is likely in December, although it is not clear whether it will be 25bps or 50bps.
