Bank Of Canada Governor Tiff Macklem, Asked About Chances Of A July Rate Cut, Says We're Going To Be Taking Decisions One Meeting At A Time; Says Timing Of Any Further Cuts Will Depend On Data
Portfolio Pulse from Benzinga Newsdesk
Bank of Canada Governor Tiff Macklem stated that decisions on rate cuts will be made on a meeting-by-meeting basis, with the timing of any further cuts depending on data.
June 05, 2024 | 2:42 pm
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NEUTRAL IMPACT
The iShares MSCI Canada ETF (EWC) may be impacted by the Bank of Canada's approach to rate cuts, as decisions will be made on a meeting-by-meeting basis and depend on economic data.
The Bank of Canada's decision to take a data-dependent approach to rate cuts introduces uncertainty, which could lead to short-term volatility in the iShares MSCI Canada ETF (EWC). However, the lack of a definitive rate cut decision keeps the impact neutral for now.
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IMPORTANCE 60
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