Hike in jobless rate to sway Bank of Canada to cut rates: CIBC

Andrew Grantham, executive director and senior economist at CIBC Capital Markets , talks with Financial Post’s Larysa Harapyn about how the hike in the

jobless rate may sway the Bank of Canada to cut rates. “We think the Bank of Canada should be cutting

interest rates ,” he said. “They will cut interest rates in the second half of this year. They just need to be a little bit more comfortable.”

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