Odaily Planet Daily News: As growth concerns intensify, Bank of Canada Governor Tiff Macklem has raised the possibility of accelerating the pace of interest rate cuts, suggesting that if economic growth disappoints, policymakers may turn to a sharp 50 basis point cut. The Group of Seven (G7) economy grew at an annualized rate of 2.1% in the second quarter, but there are growing concerns that falling oil prices, rising unemployment and falling immigration levels may bring Canada close to stagnation. Macklem said rate setters are increasingly worried about Canada's labor market and the possibility of a shock to the economy from falling crude oil prices. (FT)