Labour demand declined, and job vacancies were flat
It's the biggest rate cut since the country was slammed by the Covid-19 pandemic in 2020
Divergence with Federal Reserve could put pressure on Canadian dollar
Macklem says he wants growth to pick back up as bank cuts key rate again
The group called for action on shadow banking reforms in letter to G20
The country released a 50-page roadmap and cut key interest rates Monday
Economists expect another rate cut could be in store
Recent data indicate inflation is easing
Unemployment rising, but layoffs aren't, leaving room to cut rates
Other forms of borrowing decline, led by HELOCs