Once we see sustained reopening, we do think that the recovery will have quite a bit of momentum on its own, we think Canada’s economy will be operating pretty close to full capacity by this time next year.

Josh Nye

We don't think this is the start of a full-on easing cycle; rather, these cuts are about providing a bit more accommodation to offset trade headwinds, fifty basis points of easing would fall short of what markets are currently pricing in over the next year, but should be enough to placate investors that are concerned monetary policy has become a bit too restrictive.

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