Top Forecaster Sees Loonie’s Rise Tamed by Canada Rate Cuts

Economists expect Bank of Canada to hold the line on interest rates Wednesday with possible cuts in the fall

Governor Tiff Macklem is expected to announce no change in the bank's 2.75 per cent policy rate on Wednesday with economists divided on the likelihood of rate cuts in the

Top forecaster sees loonie’s rise tamed by Canada rate cuts

Forecasts hint loonie

Top Forecaster Sees Loonie's Rise Tamed by Canada Rate Cuts

(Bloomberg) — Canada’s loonie will strengthen further against its US counterpart this year but its rise will be limited by the central bank’s interest-rate cuts, according to the currency’s most accurate forecaster in the second quarter.

Top Forecaster Sees Loonie’s Rise Tamed by Canada Rate Cuts

Canada’s loonie will strengthen further against its US counterpart this year but its rise will be limited by the central bank’s interest-rate cuts, according to the currency’s most accurate forecaster in the second quarter.

Bank of Canada’s next interest rate decision comes tomorrow. Here’s what economists expect

The Bank of Canada's interest rate has remained at 2.75 per cent since March.

Holding pattern: What’s keeping the Bank of Canada from cutting rates again - Canadian Mortgage Trends

The Bank of Canada is expected to keep its overnight rate unchanged at 2.75% this Wednesday, as policymakers confront persistent inflation pressures and a mixed bag of economic signals.