Bank of Canada Interest Rate Cut
Posted on October 19th, 2008 by Roland Lewis
The Bank of Canada won’t even wait to see the September inflation report, being issued Friday by Statistics Canada, before cutting interest rates further Tuesday, according to analysts who expect another cut of at least a quarter point.
Despite a surprise half-point reduction earlier this month, in co-ordination with reductions by central banks around the world, markets are pricing in at least another quarter-point reduction Tuesday. Should I buy in a down market?
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Filed under: Interest Rates, Statistics, tips