BMO Adjusts Rate Cut Predictions Following Unemployment Rate Spike

image of BMO Adjusts Rate Cut Predictions Following Unemployment Rate Spike

Published: 2024-12-06T20:18:15.583+00:00, Modified: 2024-12-06T20:18:15.583+00:00

Tags: news, economy, canada

Author: Maple

In a surprising turn, Canada's unemployment rate rose to 6.8% in November, prompting Bank of Montreal (BMO) to revise its expectations for interest rate cuts. W

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