Despite the fact that the Canadian dollar is in free fall and at a four year low, it is expected that the Bank of Canada will announce another cut of 50 basis points from their benchmark rate this Wednesday.

Current Benchmark rate is 3.75%. A 50 basis point cut would take it down to 3.25%.

With the looming potential tariffs from a Trump administration, such a large cut is an admission from the Bank of Canada that things aren't so rosy in the great white north. The Can dollar shall be the release valve.

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