Bank of Canada May Hold Fire on Interest Rates Amid Global Slowdown
The Bank of Canada's next interest rate decision is just around the corner, scheduled for October 28. Randall Bartlett, deputy chief economist at Desjardins Group, shared his thoughts on what to expect in an interview with Larysa Harapyn from the Financial Post.
Bartlett believes that the Bank of Canada can afford to stay on the sidelines for now as central banks around the world start raising interest rates. He noted that the global economy is experiencing a slowdown, which could influence the Bank's decision.