In a move that markets had certainly contemplated, the Bank of Canada cut its policy rate by 50 basis points (bps) overnight to take the policy rate to 3.75 per cent.

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Front exterior of the historical Canadian Bank of Commerce building in Ottawa, Ontario Canada, featuring detail of architectural ornamentation.
Stephen Miller

Stephen Miller is GSFM’s market strategist. His expertise in international economic and policy analysis, as well as domestic and global economic and financial market developments, has resulted in him becoming a regular commentator on central banks, rates and inflation.

Information provided is general information and is for educational purposes only, and does not include, or constitute as, financial product advice.