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We continue to look for the Bank of Canada to start cutting interest rates in June.
All but two FOMC participants continue to expect interest rate cuts this year.
The mismatch in immigrants' skills and the labour market’s long-term needs, along with pressure on the country’s infrastructure capacity is leading to negative economic outcomes.
The Bank of Canada (BoC) held the overnight rate unchanged for a fifth consecutive meeting, extending a pause that started after the last hike in July last year.