The U.S. Federal Reserve is widely expected to cut its interest rate Wednesday for the first time in over a decade — a big step, though one unlikely to pull Canada’s central bank out of its holding pattern any time soon. The Bank of Canada sent signals earlier this month that the Canadian economy is very much on its own path and, at least in the short term, has no reason to follow any move by the Fed to lower rates.
— Read on www.msn.com/en-ca/money/topstories/bank-of-canada-unlikely-to-follow-any-fed-interest-rate-cut-experts/ar-AAF72iO
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