FLCA - As Bank Of Canada Delivers Rate Cut Is Another Coming In July?
2024-06-06 13:45:00 ET
Summary
- The big risks to the Bank of Canada's rate outlook.
- What a BoC rate cut could mean for housing.
- Is the BoC's June cut just the beginning or just for now?
As it cut its key overnight rate to 4.75%, the Bank of Canada became the first G7 central bank to lower interest rates in the current cycle. Andrew Kelvin, Head of Canada and Global Rates Strategy with TD Securities, speaks with MoneyTalk’s Greg Bonnell about what to expect from the BoC going forward.
Transcript
Greg Bonnell: The Bank of Canada has cut its key interest rate by 25 basis points, becoming the first G7 nation and central bank to begin easing borrowing costs after, of course, that aggressive hiking cycle. Well, our central bank [is] also signaling that more cuts may be ahead....
As Bank Of Canada Delivers Rate Cut, Is Another Coming In July?