Gross Domestic Product (GDP) rose 1% on a seasonally adjusted annualized rate (SAAR) in Q3, well below the BoC’s October estimate of 1.5%. The central bank had initially projected growth as high ...
The BoC is likely to cut the policy rate 25bp, but with potential US trade tariffs weighing on the growth outlook, we could see a return to more aggressive 50bp moves later ...