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
Higher energy prices are driving the increase
However, other measures of employment paint a weaker picture of the labour market
Underlying price pressures are still persistently high, the central bank said
Report predicts the first rate cut to come in April, slightly earlier than financial markets expect