An ex-member of the Bank of Canada’s governing body said officials should cut borrowing costs by half a percentage point later this month.
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(Bloomberg) — An ex-member of the Bank of Canada’s governing body said officials should cut borrowing costs by half a percentage point later this month.
There are “good reasons” to move interest rates “back to as close to neutral as quickly as possible,” former Deputy Governor Paul Beaudry said, including boosting household and business optimism.
Now that policymakers are more sure that wage growth, expectations and corporate pricing are…
