Rising Canada recession risk to trigger at least two more rate cuts this year: poll

Rising Canada recession risk to trigger at least two more rate cuts this year: poll

Majority of economists thinks policymakers will leave them unchanged on Wednesday

Posthaste: Bank of Canada could go either way this week as Trump's tariff turmoil takes toll

Just two days before the Bank of Canada decides on interest rates and forecasters are split on which way it will go. Find out more

Economists say Canada recession risk to trigger at least 2 more 2025 rate cuts

Growing recession risks to Canada from the U.S.-led trade war will push the Bank of Canada to cut interest rates at least twice more this year, although a majority of economists said policymakers will leave them unchanged on Wednesday.

The Bank of Canada is scheduled to complete its third year-end update of its policy rate on Wednesday.

Some economists predict the Bank of Canada will cut interest rates at least two more times this year as the U.S.-led trade war increases the risk of a recession facing Canada, although most economists believe policymakers will keep rates unchanged on Wednesday.

Why the Bank of Canada Should Cut Its Policy Rate Again This Week - Integrated Mortgage Planners

Bond-market investors do not expect the Bank of Canada (BoC) to cut its policy rate when it meets this Wednesday. They are pricing in 60% odds that the Bank stands pat. The BoC has reduced its policy rate at its last seven consecutive meetings, but the most recent decreases have been close calls. The Bank has become increasingly concerned about the uptick in our inflation data, the heightened inflation expectations of both consumers and business…