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2025-09-17 23:21:33
[Strategist: The Bank of Canada's decision to cut its policy rate by 25 basis points to 2.5% may not be dovish enough] Geoff Phipps, portfolio manager and trading strategist at Picton Investments in Toronto, said the Bank of Canada may not be dovish enough in its decision to cut its policy rate by 25 basis points to 2.5%. The Bank of Canada has provided little forward guidance and removed dovish elements from its July statement. "If the economy continues to weaken - which looks more like the baseline expectation - the Bank of Canada may need to take a more dovish stance in the coming months," he said. Traders may expect the terminal interest rate to fall, but not to a level that would indicate a recession.
