OTTAWA — The Bank of Canada will announce its latest interest rate decision on Wednesday amid speculation the central bank will deliver its first rate cut in more than four years.
On balance, financial markets expect the bank to cut its key lending rate by a quarter of a percentage point, but the view is by no means universal, with some expecting it to wait.
“All the ingredients are there to justify lower interest rates,” said RBC’s assistant chief economist Nathan Janzen in an interview.
Janzen says while he expects the central bank to cut interest rates in both June and July, he says the central bank will likely
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