Live Updates > Live Update Details
2025-10-29 23:29:24
[Unless a severe recession or major liquidity event occurs, 2% is likely the bottom for Canadian interest rates] Geoff Phipps of Picton Investments points out that after the Bank of Canada cut its overnight rate by 0.25 percentage points, the market currently has low expectations for further rate cuts in December and January. The portfolio manager stated that he expects the central bank to lower the policy rate from the current 2.25% to around 2%, and unless a severe recession or major liquidity event occurs, 2% is likely the bottom for interest rates. Phipps notes that the Bank of Canada continues to emphasize the contradictory inflationary pressures between tariffs and trade restructuring, as well as oversupply and weak economic growth, but the central bank has also stated that monetary policy cannot offset the effects of tariffs or other structural changes.
