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- Financial markets and forecasters anticipate another significant interest rate cut from the Bank of Canada, potentially reducing the key rate by 0.5% to 3.25%.
- The decision follows a rise in the unemployment rate to 6.8% and aims to address economic challenges and inflation.
- The Bank of Canada cut rates by 0.5% in October, signaling data-dependent future decisions.
Bank of Canada Expected to Lower Interest Rates Again
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