Wall Street Journal: Bank of Canada Likely to Cut Rates as Economy, Job Market Sharply Weakens
"Canada's economy is in dire need of more monetary morphine," said Karl Schamotta, chief market strategist at Corpay, a foreign-exchange and global-payments company. "Labor markets are experiencing a recession-esque slowdown, investment is sputtering, and signs of demand-led inflation are practically nonexistent”
Wall Street Journal: Bank of Canada Likely to Cut Rates as Economy, Job Market Sharply Weakens