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All eyes on the BoC this week for hints on when it may cut interest rates

Forecasters expect cut to happen as early as this spring
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As the Bank of Canada gears up to announce its next interest rate decision Wednesday, economists will on the lookout for any clues on when it plans to start cutting interest rates. The Bank of Canada is shown in Ottawa on Tuesday, July 12, 2022. THE CANADIAN PRESS/Sean Kilpatrick

As the Bank of Canada gears up to announce its next interest rate decision Wednesday, economists will be on the lookout for any clues on when it plans to start cutting interest rates.

Overall, Wednesday shouldn’t bring any big surprises. The central bank is widely expected to continue holding its key interest rate steady at five per cent, the same as it has at its last three interest rate announcements.

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