All Eyes on the BoC This Week for Any Hints on When It Plans to Cut Interest Rates

All Eyes on the BoC This Week for Any Hints on When It Plans to Cut Interest Rates
The Bank of Canada building is shown in Ottawa in a file photo. The Canadian Press/Sean Kilpatrick
The Canadian Press
Updated:
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As the Bank of Canada gears up to announce its next interest rate decision on Jan. 24, economists will be on the lookout for any clues on when it plans to start cutting interest rates.

Overall, Jan. 24 shouldn’t bring any big surprises. The central bank is widely expected to continue holding its key interest rate steady at five percent, the same as it has at its last three interest rate announcements.