Goldman Sachs expects the Bank of Canada to deliver a 50bps rate cut at this week’s policy meeting, though they acknowledge a 25bps cut is a credible alternative. Slowing growth, a rising unemployment rate, and a lower-than-expected Q3 GDP print strengthen the case for more aggressive easing.Key Points:Rate Cut Expectations:Base Case: A 50bps cut, bringing the policy rate closer to the lower end of the BoC’s neutral range estimate of 2.25%.Alternative Scenario: A smaller 25bps cut, reflecting cautious adjustments amid uncertain economic conditions.Economic Drivers:Weak Growth: Q3 GDP expanded just 1.0% (vs. the BoC’s 1.5% forecast), underscoring economic softness.Labor Market Struggles: The
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