The rates market is evenly-divided on whether the Bank of Canada will cut by 50 or 25 basis points on October 23.Today's GDP report was slightly better than forecast at +0.2% versus +0.1% expected but the advance August reading was flat. That has RBC estimating Q3 GDP at 1.0% annualized, well below the Bank of Canada's forecast of +2.8%.BOC Governor Tiff Macklem has taken a more-dovish stance lately, saying he wants to see growth showing signs of picking up. The 'positive' growth in Canadian GDP comes with a massive population expansion and per-capita GDP has fallen for six straight quarters.Moreover, government spending and hiring has driven a large part of the Canadian economy."Details beh
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