Forecasters widely expect the Bank of Canada to lower its policy rate in June or July
The changes are expected to come in a separate piece of legislation
Canadian economy lost steam after strong start to year
Some members thought bank should take its time; others were concerned about keeping interest rates high for too long
Economists expect Canada to begin cutting interest rates before the U.S.
Data this year have increased central bank’s confidence that inflation will continue to slow
Canada’s unemployment rate jumps to 6.1% in March
And a Deloitte report finds Canada could dodge a recession
According to summary of most recent deliberations, governing council is split on the timing
The report is encouraging for the Bank of Canada, economist says