'Grinding' Rise in Unemployment Rate Means Bank of Canada Will Start Cutting Rates Again

'Grinding' rise in unemployment rate means Bank of Canada will start cutting rates again

Canada's unemployment rate in May rose to seven per cent, and economists say that may force the Bank of Canada to cut rates. Find out more

Why the Bank of Canada Will Probably Regret Not Cutting Last Week - Integrated Mortgage Planners

The Bank of Canada (BoC) held its policy rate steady last week as the consensus expected it would. For my part, I think the Bank will regret its decision not to cut and will be compelled to reduce its policy rate by more, in totality, as a consequence. Before I explain why I write that, let me start by acknowledging how difficult the BoC’s job is. Setting monetary policy is tough on a good day, because it can take more than a year for policy rat…