The weak tone of the international business surveys in September shows that large parts of the global economy continue to struggle. We think this weakness will prompt the Bank of Canada to cut interest rates this year, but the continued relative strength of domestic conditions suggest that the Bank will cut by less than we previously expected and that the first rate cut will come later, in December rather than this month.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services