12:02 ET -- Economists at Rabobank believe the Bank of Canada will deliver one more quarter-point rate cut in June, and then retreat as officials in Ottawa and Washington try to hammer out a new crossborder economic pact. The central bank's decision to hold its policy rate this week at 2.75%, reflects that BOC policymakers, "much like everyone else, are paralyzed by uncertainty." Netherlands-based Rabobank believes President Trump will ultimately want to create a North American consensus on dealing with China. And a potential electoral victory for PM Mark Carney on April 28 might cool previous U.S.-Canada tension, Rabobank says. "We believe the worst-case-scenario will be avoided," the economists add. (Paul.Vieira@wsj.com, @paulvieira)
(END) Dow Jones Newswires
April 17, 2025 12:02 ET (16:02 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.