Free Trial

MNI INTERVIEW: BOC Has Room To Keep Cutting By 50BPS: Senator

MNI interviews Senate Banking Committee member on policy outlook.

MNI (OTTAWA) - Canada's central bank has scope to cut another half-point in December and potentially beyond with inflation under control and in order to keep the economy on track for a soft landing, Senate Banking Committee member and former union leader Hassan Yussuff told MNI. 

“The Bank has got lots of room to ensure signaling that they are going to continue to cut rates in a significant way to get back down to a level that will help Canadians with some the things that they are dealing with, whether that’s mortgages or other purchases,” he said in an interview Tuesday. 

Keep reading...Show less
407 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

MNI (OTTAWA) - Canada's central bank has scope to cut another half-point in December and potentially beyond with inflation under control and in order to keep the economy on track for a soft landing, Senate Banking Committee member and former union leader Hassan Yussuff told MNI. 

“The Bank has got lots of room to ensure signaling that they are going to continue to cut rates in a significant way to get back down to a level that will help Canadians with some the things that they are dealing with, whether that’s mortgages or other purchases,” he said in an interview Tuesday. 

Keep reading...Show less