According to Jinshi Data, Andrew Kelvin, head of Canadian and global interest rate strategy at TD Securities, said that the Bank of Canada's rate cut was widely expected. The initial impression was more dovish than expected. The Bank of Canada will link further monetary easing to the inflation outlook. It is expected to cut interest rates by another 50 basis points this year.
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TD Securities expects the Bank of Canada to cut interest rates by another 50 basis points this year
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