🟢 Rate Cut: The Bank of Canada has reduced its policy interest rate by 50 basis points, lowering it from 4.25% to 3.75%.
🟢 Market Outlook: Markets are pricing in a 25% chance of another 50 bps cut in December.
🟢 Economic Forecasts: The BoC revises near-term GDP and inflation expectations, adjusting to the evolving economic landscape.
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