BoC Expected to Lower Interest Rates Again, With Odds Leaning Toward Larger Cut

Bank of Canada Governor Tiff Macklem participates in a news conference on the bank's interest rate announcement, in Ottawa, on Sept. 4, 2024. The Canadian Press/Justin Tang

Financial markets and forecasters are betting on another jumbo interest rate cut from the Bank of Canada this week.

Statistics Canada’s latest job report tilted expectations in favour of a larger cut.