We expect the Bank of Canada will forego an interest rate cut on Wednesday in another close call following April’s pause after seven consecutive cuts. Arguments for a rate cut still remain. Labour markets have weakened, particularly in manufacturing where jobs dropped by 30,600 in April—the largest one-month decline since the pandemic—pushing unemployment to 6.9% […]
The post BoC to Leave Rates Unchanged Ahead of Key Trade and Labour Market Updates appeared first on Action Forex.
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