09:21
Institution: Core CPI is at a high level, and the Bank of Canada may hold steady on Wednesday.
Jin10 data reported on October 29, RSM Chief Economist Joe Brusuelas is one of the few analysts who expect the Central Bank of Canada to maintain the Intrerest Rate this Wednesday. He stated that since the core CPI remains high at around 3%, Canadian Central Bank officials should wait a while longer before providing any policy easing. However, he pointed out that if they remain inactive in October, a rate cut is likely in December. He stated, "The Canadian economy is currently too weak for the Central Bank of Canada to delay increasing policy easing any longer."

