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Posthaste: Why top economists are changing their Bank of Canada rate cut forecast

financialpost
Summary
Nutrition label

76% Informative

Bank of Canada expected to cut interest rate to 3.25 per cent on Wednesday .

Jobless rate hit a seven-year high Friday and two of the Big Six bank economists changed their forecast.

BMO Capital Markets chief economist Douglas Porter says a bigger cut is what he believes the bank will do, not necessarily what it should do.

Scotiabank Economics vice-president Derek Holt now sees a 70 per cent of a 50 -bps cut.

Canadians are getting justifiably angry’ about junk fees.

The Canada Post strike enters its fourth week .

A 50-year-old DIY investor with a portfolio over $1 million and a reader worried about irrational markets ask how much they should pay attention to the news in their long-term savings decisions.

VR Score

82

Informative language

83

Neutral language

61

Article tone

semi-formal

Language

English

Language complexity

47

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

15

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