Bank of Canada willing to cut rates despite weaker loonie
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#f1e9e32a ver:0.14

The Bank of Canada is willing to cut rates despite a weaker loonie, with investors anticipating rate cuts in June or July. Economists predict the Bank of Canada will cut rates twice this year, while the Federal Reserve will only cut twice in September and December. The Canadian dollar is caught in the crosshairs, potentially sinking to 70 US cents if the Bank of Canada cuts rates more aggressively. However, there is a limit to how far the Bank of Canada can diverge from the Fed's policy rates without causing further weakening of the loonie. The value of the loonie is influenced by factors such as commodity prices and relative bond yields. The Bank of Canada's decision on interest rates will depend on economic indicators, including the strength of the domestic economy and inflation levels. #BankofCanada #interestrates #loonie #economy...

#newstr #BankOfCanada #FederalReserve #InterestRates #Inflation #CanadianDollar #UsDollar 

 https://here.news/story/f1e9e32a?ver=0.14