Business & Finance Bank of Canada head raises prospect of rate cuts as growth fears mount, FT reports Published September 15, 2024 Updated September 15, 2024 10:13am Save Saved 1 min Comments Photo: Reuters By Reuters Add BRecorder as a trusted source on Google Bank of Canada Governor Tiff Macklem opened the door to increasing the pace of interest rate cuts, the Financial Times reported on Sunday. Bank of Canada cuts rates for third time in a row, frets over weak growth Macklem told the newspaper in an interview that rate-setters are concerned about Canada’s labor market and the possibility of lower prices for crude oil hitting the economy. Crude Oil Bank of Canada canada economy Governor Tiff Macklem Comments Comments are closed for this article. More Stories Pakistan, IMF review reform progress Oil prices rise to six-week high as US-Iran tensions escalate Buying observed at bourse, KSE-100 up 600 points Gold off two-week peak as oil advances, Fed meeting eyed US-Iran tensions underpin dollar as yen nears 40-year low Govt raises petrol price by Rs6.39, diesel by Rs7.83 per litre for July 23 Petrol pump owners defer strike call Fresh violence at Delhi youth protest demanding minister's resignation FO slams Houthi threats against KSA, shipping ADB assures support to ML-1 Railway project PM welcomes Pakistan’s credit rating upgrade Browse all stories
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