00.25.24
Expect 3 BoC cuts in 2024. First one in June, other two by Fall: strategist
As investors await the latest, BoC rate decision, Karl Schamotta, chief market strategist at Corpay, joins BNN Bloomberg to discuss his outlook for the economy. Schamotta discusses housing risks, and adds BoC tone could remain hawkish for a while. He adds inflation should continue to moderate in the months ahead.