Bank of Canada Interest Rate Decision Coming on Wednesday Amid Rate Cut Speculation

Bank of Canada Interest Rate Decision Coming on Wednesday Amid Rate Cut Speculation
Governor of the Bank of Canada Tiff Macklem participates in a news conference in Ottawa on May 9, 2024. The Canadian Press/Justin Tang
The Canadian Press
Updated:
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The Bank of Canada will announce its latest interest rate decision on June 5 amid speculation that the central bank might start to cut rates.

On balance, financial markets expect the bank to cut its key lending rate by a quarter of a percentage point, but the view is by no means universal, with some expecting it to wait.