FX Guys

Canadian Dollar Today: Bank of Canada Deliver a 50bps Cut Amid Growth Concerns

October 24, 2024 – Written by David Woodsmith

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.

Stock markets rolled over on Wednesday as…
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