In a note the bank says that it would be better for the central bank to act now and withdraw some of the cut later if conditions improve, rather than wait until it’s too late.
The BoC’s meeting is set for Sept. 9.
Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate
Investment Hot Spots:
Clearland, Hazelbrook, Boileau, Saint-Stanislas, Benton
National Bank Financial has predicted that the Bank of Canada will cut interest rates next month.