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The Bank of Canada sounds dovish while cutting rates again, and signaling there’s more to come
Today the Bank of Canada cut its policy rate for the second straight time.
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Financial Post: ‘Cause for concern’: Productivity continues its decline as Bank of Canada cuts interest rates
“Canada’s labour productivity statistics are truly cause for concern. Labour productivity has now fallen in 12 of the last 15 quarters coming out of the pandemic. The level of Canada’s labour productivity is now back to where it was in 2018, which means we’ve had no growth over a span of six years.”
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