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Posthaste: Why the Bank of Canada may have to cut rates deeper than its global peers

financialpost
Summary
Nutrition label

75% Informative

The Fed is widely expected to cut interest rates today after reducing its rate by a half point in September .

Analysis by Capital Economics reckons the U.S. , UK and Australia will cut rates to an equilibrium or neutral rate of 3 per cent .

But rates in Canada and the eurozone will likely have to be cut further, below the neutral rate, to 2 per cent and 1.5 per cent respectively.

Bitcoin got a boost yesterday when Donald Trump was declared winner of the United States election.

David Rosenberg , president and founder of Rosenberg Research & Associates Inc. , talks about how the U.S. election could impact gold.

Watch Rosenberg here to find out more about bullion’s record run.

Mortgage strategist Robert McLister on mortgages: Learn more about mortgages.

VR Score

81

Informative language

80

Neutral language

70

Article tone

formal

Language

English

Language complexity

52

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

15

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