BOC Macklem is speaking and says:It is reasonable to expect further cuts in our policy rateThe timing and pace will be determined by incoming data and our assessment of what those data mean for future inflationMore:Bank of Canada is pleased to see inflation at 2%, now needs to stick the landing.Continued easing in core inflation, which is still a little above 2%, is expected.Consumer spending, business hiring, and investment will be closely watched.There is concern about the rising share of borrowers without a mortgage who carry a credit card balance of at least 90% of their credit limit.A notable increase in financial stress among borrowers without a mortgage, mainly renters, has been obser
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