With the inflation battle seemingly won, the Bank of Canada has indicated that it is prepared to cut interest rates more quickly if warranted, with that decision hinging on developments in business hiring, investment and consumption. While the focus on investment and consumption means the Bank might not be ready for larger rate cuts until the third quarter GDP data are published at the end of November, there are also timelier indicators that could persuade policymakers to increase the pace of easing before then.
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