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Despite signs of a slowing economy, corporate bond issuance kicked off the month at a record pace. We look at how the market has absorbed the new debt and what factors are likely to drive bond performance ahead.
The Bank of Canada lowered its benchmark interest rate to 4.25%, citing continued easing in broad inflationary pressures.
Growth in the third quarter is already looking to undershoot the BoC’s July forecast. We continue to expect another rate cut in October.
