The Bank of Canada expects it will cut rates this year, but officials are split on the timing

The Bank of Canada's governing council members agree that if the economy and inflation evolve in line with projections, the central bank will be able to begin cutting interest rates sometime this year.

The Bank of Canada expects it will cut rates this year, but officials are split on the timing
Two people are shown seated during a press conference.

The Bank of Canada's governing council members agree that if the economy and inflation evolve in line with projections, the central bank will be able to begin cutting interest rates sometime this year.