What will be the result of the March 9th Bank of Canada interest rate announcement?
Rate Cut: 30%
Unchanged Rate: 65%
Rate Increase: 5%
The Bank of Canada decided to leave rates unchanged on January 20th (see article here). This was expected by about half of analysts. In March, I still think that the Bank is most likely to keep rates unchanged, but an interest rate cut seems like a real possibility, given that one was half-expected in January.
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