BOC to Cut One More Time With Canada Expected to Avoid Worst-Case Trade Scenario -- Market Talk

Dow Jones
Apr 18, 2025
 

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.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10