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Bank of Canada says it will cut rates further if economy meets forecasts

by October 29, 2024
written by October 29, 2024

OTTAWA (Reuters) – The Bank of Canada will be able to cut interest rates again to support demand and keep inflation on target if the economy evolves broadly in line with forecasts, Governor Tiff Macklem said on Tuesday.

Macklem made the comments in opening remarks to the House of Commons finance committee.

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