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2025-11-03 22:38:50
[Economist: Despite Signals that the Bank of Canada's Easing Cycle May Have Ended, the Central Bank Will Still Have to Cut Interest Rates Again] Economist David Rosenberg, after analyzing Canada's August GDP data, stated that the previous view that the Bank of Canada had stopped cutting interest rates "has been dealt a heavy blow." Canada's GDP fell 0.3% month-on-month in August. Compared to the same period last year, GDP grew by only 0.7%, a figure Rosenberg (head of Rosenberg Research) pointed out, lower than the Bank of Canada's previously revised potential growth forecast. Rosenberg stated that this will "pave the way for continued idle economic capacity, which is an inevitable component of a deflationary environment." He believes that despite the Bank of Canada signaling that its easing cycle may have ended, the central bank will still have to cut its main interest rate again.
