RBC expects another Bank of Canada rate cut in July ...Middle East

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RBC expects another Bank of Canada rate cut in July
RBC says the decision for the Bank of Canada to cut rates as the country has underperformed global peers on a per-capital basis for more than a year. Theyalso say that's why it's easier to envision the BOC on a sharper path of easing than other G10 central banks.They envision the Bank of England cutting in August but expect a slow pace after that, with only 100 bps by the end of 2025 and a similar pace from the ECB. They don't see the Fed easing until December.For the Bank of Canada, they envision a second 25 basis point cut in July, something I talked about yesterday on BNNBloomberg.Market pricing currently reflects 55 basis points in further easing in Canada this year. Thi

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