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25 Jan 2024

Interest rate cuts are coming, but the Bank of Canada won’t say when

Author: admintech | Filed under: Finance/ Money
A woman in a suit sits next to a man in a suit as watches him as he speaks to reporters.

Canadian households, clobbered by rising interest rates, are desperate for word from the Bank of Canada on when they may start to fall. But central bank governor Tiff Macklem refuses to give them a “false sense of precision.”