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Throughout 2014, many believed this year might be the first time since 2010 that the central bank would hike its benchmark rate – with the BoC, itself, even hinting at the eventual changes. However, some are now considering a rate cut.
“Markets are pricing in a 4-per-cent probability of an interest rate cut in Canada over the next 12 months,” Camilla Sutton, chief currency strategist of Bank of Nova Scotia
told the Globe and Mail Tuesday.
Do brokers agree?
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