Central Banks
Economists See Slimmer Chance of More Rate Cuts in Canada This Year
The Bank of Canada building in Ottawa.
Photographer: David Kawai/BloombergExpectations for further interest rate cuts this year from the Bank of Canada are slowly evaporating.
Economists at two of Canada’s largest lenders, Bank of Nova Scotia and Royal Bank of Canada, now say Governor Tiff Macklem and his officials will keep their benchmark rate at 2.75% through the end of 2025.