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Bank of Canada Adopts Cautious Stance Ahead of Rate Decision

Bank of Canada Adopts Cautious Stance Ahead of Rate Decision

Author:

Global Cryptocurrency

Published:

2025-10-18 02:38:02

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BTCCSquare news:

Bank of Canada Governor Tiff Macklem signaled a shift toward risk assessment as the central bank prepares for its October 29 interest rate decision. The BoC will reintroduce economic forecasts previously suspended due to trade-related uncertainties under the TRUMP administration.

Money markets currently price in a 64% probability of a 25-basis-point cut, which WOULD lower Canada's benchmark rate to 2.2%. Macklem emphasized a "forward-looking approach" despite persistent economic uncertainties, noting improved conditions since the first quarter.

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