{"id":212367,"date":"2025-10-14T13:08:19","date_gmt":"2025-10-14T13:08:19","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/212367\/"},"modified":"2025-10-14T13:08:19","modified_gmt":"2025-10-14T13:08:19","slug":"rbc-expects-bank-of-canada-to-cut-rates-in-october","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/212367\/","title":{"rendered":"RBC expects Bank of Canada to cut rates in October"},"content":{"rendered":"<p>Holt also flagged concerns about the reliability of the latest jobs data, noting that \u201cif last year\u2019s seasonal adjustment factor had been used, job gains would have been closer to 20,000, just a third of the reported figure.\u201d<\/p>\n<p>Broader economic challenges have complicated the BoC\u2019s outlook. United States\u00a0Section 232 tariffs on Canadian exports\u2014including softwood lumber and kitchen cabinets\u2014are set to take effect October 14, with further threats looming over other sectors.<\/p>\n<p>While most Canadian exports remain protected under the CUSMA exemption, targeted industries are expected to feel the pinch. \u201cPreserving Canada\u2019s CUSMA tariff exemption remains critical for the near-term outlook,\u201d Fan said.<\/p>\n<p>Despite these headwinds, RBC expects the Canadian economy to <a href=\"https:\/\/www.rbc.com\/en\/thought-leadership\/economics\/economy-and-markets\/financial-markets-monthly\/central-banks-cut-as-trade-walls-rise\/\" rel=\"nofollow noopener\" target=\"_blank\">return to modest growth in Q3<\/a>, with GDP forecast to rise at an annualized 0.5%. The federal budget update in November is anticipated to include larger deficits, which could provide some offsetting support through increased government spending.<\/p>\n<p>Make sure to get all the latest news to your inbox on Canada\u2019s mortgage and housing markets by signing up for our free daily newsletter\u00a0<a href=\"https:\/\/www.mpamag.com\/ca\/newsletter?email=\" target=\"_blank\" rel=\"nofollow noopener\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Holt also flagged concerns about the reliability of the latest jobs data, noting that \u201cif last year\u2019s seasonal&hellip;\n","protected":false},"author":2,"featured_media":212368,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[52,45,49,48,46,34648,17042],"class_list":["post-212367","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-bank-of-canada","tag-business","tag-ca","tag-canada","tag-economy","tag-rate-cut","tag-rbc"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/212367","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=212367"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/212367\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/212368"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=212367"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=212367"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=212367"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}