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Economic news

Bank of Canada head raises prospect of rate cuts as growth fears mount, FT reports

09/15/2024

Less than a minute

2024.09.15 00:48

© Reuters. FILE PHOTO: Bank of Canada Governor Tiff Macklem takes part in a press conference, after cutting key interest rate, in Ottawa, Ontario, Canada September 4, 2024. REUTERS/Blair Gable//File Photo

(Reuters) – Bank of Canada Governor Tiff Macklem opened the door to increasing the pace of interest rate cuts, the Financial Times reported on Sunday.

Macklem told the newspaper in an interview that rate-setters are concerned about Canada’s labor market and the possibility of lower prices for hitting the economy.

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09/15/2024

Less than a minute