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FLCA - Bank of Canada Leaves The Door Open To A June Cut
Franklin FTSE Canada
2024-04-11 04:26:00 ET
Summary
Interest rate cut expectations have receded everywhere following the US inflation data.
But there are subtle dovish incremental shifts within the BoC’s commentary that suggest should inflation and unemployment continue with their current momentum, then the BoC are open to a June rate cut.
The Canadian dollar is facing more downside risks.