Matthieu Arseneau, an economist at the National Bank of Canada, believes that the Bank of Canada will be forced to cut interest rates by a full 100 basis points before the end of this year to provide the necessary vitality for economic stability. As general inflation becomes a thing of the past and inflation expectations continue to improve, the door is open for the central bank to return the policy interest rate from the current 4.25% to a neutral level of 2.5%-3% as soon as possible. Following a 0.2% decline in August, last month's CPI fell 0.4% month-on-month. The employment growth in September was insufficient to stabilize the employment rate.

Matthieu Arseneau, an economist at the National Bank of Canada, believes that the Bank of Canada will be forced to cut interest rates by a full 100 basis points before the end of this year to provide the necessary vitality for economic stability. As general inflation becomes a thing of the past and inflation expectations continue to improve, the door is open for the central bank to return the policy interest rate from the current 4.25% to a neutral level of 2.5%-3% as soon as possible. Following a 0.2% decline in August, last month's CPI fell 0.4% month-on-month. The employment growth in September was insufficient to stabilize the employment rate.