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- The Bank of Canada is likely to lower its benchmark interest rate by a quarter-point on September 4, with discussions on a possible 50-basis-point cut gaining momentum.
- Recent economic growth exceeded expectations, but slowing data and inflation trends may influence the pace of cuts.
- Economists are watching closely, with potential larger reductions depending on upcoming labor market reports.
Bank of Canada Expected to Cut Interest Rates: Debate Over Magnitude Intensifies
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