As everyone expected the Banks of Canada Tiff Macklem announced a 25 BPS cut this morning. This cut was in keeping with a 99% market certainty. Don't bother listening to anything said in the Press Conference because it doesn't matter: the next rate cuts will almost entirely depend on the actions of President Trump. Severe Tariffs that massively impact on Canadian employment will likely bring aggressive rate cuts in March & April, no one at the BoC will care about a falling Canadian Dollar

After today we wait & watch America's next move

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