A Big "Supplies" Is Coming to the BoC Hawks On Bay Street
We think the Bank will be cutting at all four meetings. Let me tell you why.
“Overall, recent data suggest the economy is still operating in excess supply.”
Bank of Canada press release, June 5th, 2024
That is all anyone needs to know. The beauty is that the market is only priced for two BoC rate cuts between now and the end of the year. We think the Bank will be cutting at all four meetings. This is not really about “easing” per…
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