The Bank of Canada rate decision will take place at 9:45 AM ET. The expectations are for a 50 basis point cut.Adam summarized the decision here. Key takeaways:Bank of Canada is expected to cut rates by 50 bps on Wednesday, marking the first significant cut in the current cycle.OIS market predicts a 90% chance of a 50 bps cut, with a small chance of 25 bps.Market expects another 25 bps cut by year-end, with rates declining by 100 bps to 2.50% in 2025.Canadian consumer trends are worsening, with CPI at 1.5% y/y, and housing markets, especially in Ontario and British Columbia, struggling.There's potential for rates to drop to 1% if a hard landing scenario occurs.Employment remains strong, but p
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