Globe Staff Mark Rendell Economics Reporter Darcy Keith Matt Lundy Economics Editor Erica Alini Personal economics reporter Published 38 minutes ago Updated 25 seconds ago

Bank of Canada Governor Tiff Macklem and senior deputy governor Carolyn Rogers hold a press conference after the release of the latest decision.

10/29/25 13:05

Opinion: The Bank of Canada’s rate cut makes sense. But now what?

- Jeremy Kronick and Steve Ambler

On the basis of economic data alone, the Bank of Canada’s latest rate cut was a tough call. While the governor helped shape market expectations this time, we believe the future path of the overnight rate remains murky.

Start with the data. Headline inflation jumped to 2.4 per cent in September, above the 2-per-cent target for the firs

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