Not really a surprise, but it's looking like the Bank of Canada may cut interest rates again when they meet next on September 9th.
http://business.financialpost.com/in...-bank-predicts
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Speaking by phone from Montreal on Wednesday, economist Paul-Andre Pinsonnault predicted Governor Stephen Poloz will cut the policy rate by a quarter point to 0.25 percent next month, matching a record low set in 2009 during the global financial crisis.
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“If over time the international situation improves and Canadian skies clear, the Bank could always withdraw some of its accommodation,” National Bank Financial economists wrote in a research note Wednesday. “Better one rate cut too many than sorrow for not having acted sooner.”
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