Bank of Canada Governor Macklem: Data since last rate decision has been mixed ...Middle East

We discussed both 25 and 50 bpsThere are some mixed signals in the economic dataWe cut by 50 bps for 2 reasons: 1) We no longer need policy that's clearly in restrictive territory. 2) All the data tilts towards a softer economic outlook for GDP growth compared to October estimatesCites lower immigration targets as a reason to suspect lower growth This article was written by Adam Button at www.forexlive.com.

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