The Bank of Canada meeting notes: Members reviewed a broad range of inflation indicators and agreed that they continue to show core inflation remaining around 2.5 per cent.
S & P expects the Federal Reserve to cut interest rates by 25 basis points this week to 4% to 4.25% amid cooling jobs data and stubbornly high inflation. S & P also expects the Bank of Canada to cut interest rates by 25 basis points to 2.5% and may cut rates at least again this year. (Golden Ten)
The Bank of Canada meeting notes that the committee is divided on whether to cut interest rates or keep them unchanged.
The Canadian swap market sees a 65% chance that the Bank of Canada will cut interest rates by 50 basis points next week, up from 58% before the jobs data.