Economics
Bank of Canada's Policy Flexibility Makes Rate Decision a Coin Flip
Multiple threats to financial stability have made crystal balls cloudier this year.
This article is for subscribers only.
Uncertainty reigns ahead of tomorrow’s Bank of Canada interest rate decision.
The implied odds of a rate cut according to financial markets stand at just over 50 percent, and private-sector economists are almost evenly divided on whether the nation’s central bank will cut its policy rate to a financial crisis low of 0.25 percent.