Bank of Canada expected to cut rates quicker after weak US jobs data.

From Google: 2024-08-02 15:42:57

Bank of Canada is expected to cut rates more quickly after weak US job data, which showed a slowdown in hiring. The US economy only added 266,000 jobs in April, missing the expected 1 million. This could influence the Bank of Canada’s decision to cut rates sooner rather than later.



Read more at Google: Bank of Canada Seen Cutting Rates Faster After Weak US Jobs Data – Financial Post