Why Canadians can expect low interest rates for longer — much longer: Morgan Stanley

Don’t look for another interest rate hike for two more years; in fact, there is a one in three chance the Bank of Canada will actually cut rates before the end of this year, Morgan Stanley predicts.

This article was published on January 15th - 6 days before the Bank of Canada did, in fact drop their rate by 25 basis points. Oddly, banks are only following with a 15 basis point reduction and keeping the extra 10 for themselves.

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